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MORGAN STANLEY: Dunelm, Pets at Home, and Halfords have business model ‘for a different age’

Halfords BTCC Car

LONDON — Dunelm, Halfords, and Pets At Home are the UK retailers most at risk of having their business models disrupted by digital, according to Morgan Stanley.

Analysts Geoff Ruddell and Amy Curry warned in a note sent to clients this week that “all rely on gross margins that are unsustainable in the age of online retailing and discounters.”

Morgan Stanley believes that all three have business models that were “build for a different age.”

Dunelm, Halfords, and Pets At Home all rely on big, retail park shops that people visit not-very-often to pick up big ticket items: Dunelm sells furniture and soft read more >>>

Source:: BusinessInsider.Com