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%.