Home Retail buys slice of Habitat for £24.5m June 24, 2011 Home Retail Group has announced that it has bought parts of the Habitat chain for £24.5m. The Argos and Homebase owner has bout the rights are for the exclusive use of the Habitat brand, its brand designs and intellectual property in the UK and the Republic of Ireland. It has also acquired the Habitat UK [...]
Home Retail buys slice of Habitat for £24.5m June 24, 2011 Home Retail Group has announced that it has bought parts of the Habitat chain for £24.5m. The Argos and Homebase owner has bout the rights are for the exclusive use of the Habitat brand, its brand designs and intellectual property in the UK and the Republic of Ireland. It has also acquired the Habitat UK [...]
Home Retail Group looks to bid for Habitat stores June 23, 2011 HOME Retail Group, the owner of the Argos and Homebase retail chains, is in talks to buy Habitat. The luxury furnishings company is now owned by restructuring specialist Hilco. It has 71 stores worldwide, including 35 in the UK, 26 in France, five in Spain and five in Germany, employing 2,100 staff. It is understood [...]
The writing was on the wall for Focus DIY June 14, 2011 AT the start of last month the Focus DIY chain entered administration. BrandIndex data gives us a read on the problems that they have had for a long period. When we compare them to their competitors (B&Q, Homebase and Wickes) we can see that they were the least talked about, and when people did talk [...]
Argos slump adds to Home Retail’s woes June 9, 2011 SHARES in Argos owner Home Retail Group fell 13.3 per cent yesterday after it said the catalogue retailer’s sales fell more than expected in the past quarter. Argos was hit hard by customers’ reluctance to buy expensive electronics and big-ticket household goods, causing its sales to slump 9.6 per cent to £817m in the past [...]
ANALYST VIEWS: HOW BAD WAS THE PERFORMANCE OF ARGOS? June 9, 2011 TOM GADSBY | MATRIX GROUP These are pretty dire figures. We expected another tricky quarter for Argos, but the like-for-like sales fall is well below the expected range. While the decline in profits over the past two years is cyclical rather than structural, a clear upturn in consumer demand would be needed for the shares [...]
Sales slide at Argos as shoppers stay home June 9, 2011 Sales of home goods from Argos fell more than expected in the past three months as shoppers cut back on expensive electronics, its owner Home Retail Group has said. Home Retail, which also owns home and garden DIY chain Homebase, said Argos like-for-like sales slumped by 9.6 per cent to £817m in its first quarter, [...]
Templeman to head retail body June 2, 2011 Debenhams chief executive Rob Templeman will be announced today as the new head of UK’s leading retail industry body, the British Retail Consortium. He will replace Luke Mayhew, current chairman, in the autumn of this year. Templeman led high street giant Debenhams through its IPO in 2006, and was previously head of Halfords Group, Homebase [...]
Home Retail execs in line for pay hikes despite profit drop June 1, 2011 HOME Retail Group executives are in line for pay rises despite a tough year in which the company issued a profit warning. The owner of Homebase and Argos proposed in its annual report that chief executive Terry Duddy and finance director Richard Ashton should receive raises. Under the remuneration proposal, to be presented to shareholders [...]
Home Retail execs in line for pay hikes despite profit drop June 1, 2011 HOME Retail Group executives are in line for pay rises despite a tough year in which the company issued a profit warning. The owner of Homebase and Argos proposed in its annual report that chief executive Terry Duddy and finance director Richard Ashton should receive raises. Under the remuneration proposal, to be presented to shareholders [...]