Retail news
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Home Retail Group hit by slow consumer spending
- Posted:
- 15 January 2009 09:58
Home Retail Group has seen its markets "significantly impacted" by the sharp reduction in consumer spending, according to chief executive Terry Duddy. The business saw sales drop across both its Argos and Homebase brands in the 18 weeks to January 3rd, although cost saving initiatives mean that the company remains ...read more
Home Retail Group acquires TV brands
- Posted:
- 28 November 2008 09:54
Home Retail Group, owner or the Homebase and Argos brands, has acquired Britain's two oldest radio and television brands, Alba and Bush, for £15.25 million. While HRG does not expect either to make any significant money for more than a year, the value of the iconic brands themselves was deemed ...read more
Argos overcharges thousands of customers
- Posted:
- 29 October 2008 09:21
Thousands of Argos customers have been charged double price for their items in what the company is calling a "system issue". Approximately 190,000 customers were over-charged, with many only realising the mistake when they looked at their bank statements. Although the error occurred last Friday, the customers have been warned that ...read more
HRG value slashed by £542 million
- Posted:
- 22 October 2008 09:39
;Home Retail Group has warned that profits for the year will be at the lower end of expectations after the company slashed £542 million from its value. The group added that it would cut costs and investment in Homebase. ;In the 26 weeks to August 30th, the group said that ...read more
Homebase value could be cut by £600 million;
- Posted:
- 20 October 2008 09:36
It has been reported that approximately £600 million could be written off the value of Homebase this week, thanks to the current bleak retailing climate.; Home Retail Group currently puts a book value of just under £1 billion on the Homebase business, but this could be cut to between £300 ...read more
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