Homebase 2.6% down at Christmas

Homebase was 2.6% down in like-for-like sales at £475m according to Home Retail Group's Interim Management Statement for the 18 weeks from 28 August 2011 to 31 December 2011.

Homebase like-for-like sales were down for last 18 weeks of 2011 - image: Homebase
Homebase like-for-like sales were down for last 18 weeks of 2011 - image: Homebase

That brings sales figures during the 44 weeks to 31 December at Homebase to 1.3% down at £1.315bn.

Home Retail Group chief executive Terry Duddy said:

"In a trading environment that has been both volatile and demanding, Homebase has again seen more resilient sales.  Argos sales continue to be impacted by the market decline in consumer electronics categories, however we saw internet penetration reach over 40 per cent of total sales, with Check & Reserve being boosted by the development of mobile commerce as customers embrace our leading multi-channel proposition.

"We have managed the business tightly over the peak trading period and expect Group benchmark profit before tax for this financial year to be around the mid-point of the current analyst range of £78m-£125m.

"We will continue to plan cautiously with an ongoing focus on managing robustly both the cost base and the cash position of the Group while prioritising our investment in the ongoing development of our multi-channel capabilities."

Total sales at Homebase declined by 2.5% to £475m in the period 28 August 2011 to 31 December 2011.  Net new space contributed 0.1 per cent with the store portfolio remaining at 342.

Like-for-like sales declined by 2.6% in the same 18-weeks. Big ticket sales were down and continued to be impacted by a challenging market, while sales for the remaining categories were broadly flat.


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

What new vegetables will gardeners be growing in 2018?

What new vegetables will gardeners be growing in 2018?

Next year is Fleuroselect year of the chilli pepper and Thompson & Morgan and Mr Fothergill's have ranges around the hot vegetable, with a new way of promoting sales.

Garden centre building: what's going up?

Garden centre building: what's going up?

After a lull in new builds, 2018 could see a slight resurgence in garden centres being erected.

Retail seed: crowded market for 2018

Retail seed: crowded market for 2018

Thompson & Morgan is refocusing on the garden centre seed market, hoping to win back business from Mr Fothergill's, which has expanded during T&M's long sale process.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles