Sales decrease across Homebase stores

Homebase has reported a 5.3 per cent fall in like-for-like sales in the eight weeks to 1 March, with total sales down 0.7 per cent.

The retailer has warned that the weaker consumer outlook will mean like-for-like sales growth will be harder to come by this year.

Parent company Home Retail Group chief executive Terry Duddy said that while the new financial year looked challenging, the company would "continue building on our significant operational strengths across the group".

Most product categories continued to see a difficult trading environment although supply-chain progress and foreign-exchange benefits led to a gross margin increase.

Sales for the full year were down by 4.1 per cent on a like-for-like basis, with total sales down by 1.6 per cent, to £1.56bn.

Meanwhile, Guernsey-based mail-order company Flying Brands, which has a gardening division, reported a like-for-like sales fall of 13 per cent in the year to 28 December. Total sales rose by nine per cent to £46.3m.

Chairman Tim Trotter said last year had been difficult for the group, with deteriorating general retail market conditions, and this was reflected in the results.


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