Home Retail Group plc (HOME.L,HMRLF.PK) reported a 1.0% improvement in second-quarter total sales at Argos to 867 million pounds, with like-for-like sales up 1.0% in the quarter. The company said net closed space reduced sales by 0.4%; seven stores closed in the quarter, reducing the store portfolio to 739.
Meanwhile, consumer electronics deliverd an improved sales performance, driven by strong growth in tablets and e-readers, which along with further good growth in white goods offset the market driven sales declines in the video gaming and audio categories and the weaker trading in seasonal products, Home Retail added.
Quarterly Homebase sales slid 3.9% to 366 million pounds, with like-for-like sales decline of 3.7%, which was driven by big ticket sales which were down in a market that continues to be challenging, and seasonal products which have continued to be impacted by the poor weather conditions. Sales for the remaining categories were broadly flat. Net closed space lowered sales by 0.2%; one store closed in the quarter, reducing the store portfolio to 340.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.