Home Retail Group Plc (HOME.L,HMRLF.PK), in its interim management statement covering the 13 weeks from March 3rd to June 1st, 2013, announced that its trading has been consistent with its expectations.
According to the Group, Argos delivered a good start to the year driven by continued success in consumer electronics and electricals, helped by growing internet and mobile commerce sales. Total sales at Argos improved 1.2% to 828 million pounds, while net closed space reduced sales by 0.7% in the quarter with the store portfolio remaining at 737. On a like-for-like basis, sales went up 1.9% in the quarter.
Homebase's total sales rose 0.2% to 422 million pounds, with net closed space lowering sales by 1.2% in the quarter with the store portfolio remaining at 336. Like-for-like sales grew 1.4% in the quarter, driven by the performance in big ticket products, which was partially offset by lower sales of seasonal products representing nearly 40% of quarterly total sales and which were hurt by the volatile weather conditions. Sales for the remaining categories were broadly flat.
While the company projects consumer spending to remain subdued, it is on track with delivering its investment plans to drive the long term development of both Argos and Homebase.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.