Homebase hit by weak garden centre trading

Homebase has been hit by weak trading in its garden centres, results released for the eight weeks to 28 February reveal.

Homebase was hit by poor garden trading as eight weeks' trading to 28 February saw a 10.2% drop, or 5.5% after new stores' contribution, in like-for like sales, which were at £205m. The 345-store group said: "Garden maintenance and horticulture areas saw particularly difficult trading environments."

In the half year to 28 February like-for-likes were also down 10.2% at Homebase, part of the Home Retail Group, at £682m. Homebase also incurred a £382m goodwill write down and a £95m impairment charge to the carrying value of store-related assets and provisions for onerous leases.

Homebase opened a net 14 stores this year including nine previously acquired form Focus. Total year sales were £1,513m, with total sales change down 3.5% and like-for-like sales down 10.2%.

 


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

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

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.

Climbing roses

Climbing roses

Walls, trellises, pergolas and even trees can all be brightened up by these beautiful blooms, writes Miranda Kimberley.


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