Argos owner reports mixed fortunes

Home Retail Group delivered a mixed picture on trading in the UK today after a slide in sales at Homebase was offset by better-than-expected business at Argos.

The 12% fall in Homebase like-for-like sales for the 13 weeks to May 31 reflected poor weather conditions in March and April, with sales of seasonal products down by around a fifth in the quarter.

In contrast, catalogue chain Argos kept sales on a same store basis at the level seen last year, helped by demand for consumer electronics. The figure was better than the 2% fall forecast by analysts, although Homebase’s decline compared with market fears for a drop of between 8% and 12%.

More in this Section

Oil price falls as virus fears hit hardOil price falls as virus fears hit hard

Harcourt posts profit of €23m and reduces debtHarcourt posts profit of €23m and reduces debt

Cork Chamber wants a Minister for CitiesCork Chamber wants a Minister for Cities

Budget hotel operator EasyHotel to open Dublin property next yearBudget hotel operator EasyHotel to open Dublin property next year


Lifestyle

IT IS movie award season and Irish designers and their luxury creations were the stars of the silver screen this week.From red carpet to luxe rugs: Ireland's designers get movie-star treatment

Falsies don’t have to be fiddly, says Katie Wright.5 common myths about false lashes

Hiring professional designers to guide you through a home revamp can get you what you want, which doesn’t necessarily have to be what TV home improvement shows tell us, writes Carol O’Callaghan.What a professional interior designer can do for you when planning a home revamp

Kya deLongchamps turns the spotlight on countertop stars to look out for in the last throes of the January sales.Counter culture: Some star kitchen appliance buys

More From The Irish Examiner