Argos owner reports mixed fortunes

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

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.

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