An interim management statement from Homebase owner, Home Retail Group, reported that net closed space reduced sales by 1.6 per cent with four stores closing in the quarter, reducing the portfolio to 341.
Like-for-like sales declined by 1.2 per cent in the period. ‘Big ticket’ sales were ahead, while sales for the remaining categories saw modest declines.
Homebase's 44 week results were turnover at £1,342m, down one per cent like-for-like.
Home Retail Group chief executive Terry Duddy said:
"Argos has performed in line with our original expectations for its peak period, despite some particularly challenging and volatile trading conditions in the build-up to Christmas. Homebase has again traded well in what is for them a less seasonally important selling period."