Halfords and N Brown have bagged the FTSE 250’s top spots today, as the retailers rack up some hefty gains after turning in decent Christmas earnings.
Shares in N Brown, the retailer that caters for the rapidly expanding “plus-size and more mature” market, jumped as much as 12.3 per cent to 314 pence this morning after clocking sales growth of 4.1 per cent over Christmas.
Although the shares are still down 47 per cent over the last two years, and the company’s high street stores are struggling.
Meanwhile Halfords shares, after suffering a series of painful punctures in the second half of last year, have jumped 9.9 per cent to 357 pence this morning.
The purveyor of wheeled-vehicle associated paraphernalia returned to growth over the Christmas period after a bumpy ride over the summer which saw bicycle sales drop sharply.