Retail news
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Torex Retail fires "whistleblower" chief executive
- Posted:
- 07 June 2007 09:58
The chief executive of Torex Retail, Neil Mitchell, has had his contract terminated, four months after allegedly blowing the whistle on the retail software company which is now under investigation by the Serious Fraud Office. Mr Mitchell took the post in September but was asked to step down from his ...read more
Home Retail Group: sales up at Argos, down at Homebase
- Posted:
- 02 May 2007 09:24
Home Retail Group has reported total group pre-tax profit of £376.7 million for the year ended March 3rd. The group also reported like-for-like sales up 2.4% at Argos but down 1.4% at Homebase. Oliver Stocken, chairman of Home Retail Group, commented: "These results represent a strong start to Home Retail ...read more
Argos to fill Farepak's shoes
- Posted:
- 27 March 2007 09:42
Undeterred by the disaster of the Farepak collapse last year, which left thousands of Christmas savers with virtually nothing, Argos has announced that it intends to launch a similar Christmas savings club. The project was inspired after Argos customers lost thousands of pounds when Farepak went into administration. Argos said ...read more
HRG exceeds expectations
- Posted:
- 14 March 2007 09:37
Home Retail Group, which includes Argos and Homebase, has said that the eight weeks to March 3rd saw a performance which exceeded expectations. Argos grew its total sales by 6.8% in the final eight weeks of the financial year, with a like-for-like sales increase of 3%, driven by continued strong ...read more
Sparks fly as Asda launches electricals website
- Posted:
- 30 January 2007 09:29
Asda is expected to launch an online shop dedicated to electrical goods this week, challenging Argos and Tesco and aiming for 5% of the market in the next four years. The website will feature 3,500 lines including washing machines, TVs and fridge freezers. Asda Electricals will be working with northern ...read more
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