Retail news
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Tough climate impacts HRG profits
- Posted:
- 20 October 2010 09:41
The owner of the Homebase and Argos chains said today that it was approaching the key Christmas trading period cautiously after posting a slide in profits.Home Retail Group reported an 11% drop in pre-tax profits to £103 million in the 26 weeks to August 28th, after a slight fall in ...read more
HRG facing relegation in FTSE 100 reshuffle
- Posted:
- 08 September 2010 09:27
Argos and Homebase parent Home Retail Group is facing relegation from London's blue chip share index as part of the latest FTSE 100 reshuffle.The FTSE Group confirmed the retailer was among those heading for the exit after seeing its shares plunge by more than 25% since the beginning of May.The ...read more
Hamleys returns to profit after six years in the red
- Posted:
- 12 July 2010 09:52
Hamleys has returned to profit for the first time in six years. In the year to March 31st, the toy store reported a small pre-tax profit of £100,000 after a £4.1 million loss last year. The 250-year-old retailer is predicting a bumper Christmas, driven by an anticipated fever pitch demand ...read more
Home Retail Group stung by mixed performance between brands
- Posted:
- 10 June 2010 09:45
Home Retail Group has seen its Homebase division outperform its Argos chain, as the slump in the video games market led to a bigger-than-expected slide in sales. Home Retail Group said Argos sales were down 8.1% on a like-for-like basis, leading to a 5.2% drop in revenues to £889 million ...read more
HRG considers pay rule change after Duddy’s 72% rise
- Posted:
- 02 June 2010 11:44
It has been reported that Home Retail Group chairman Oliver Stocken is proposing to change the company's pay policies. The news comes after it emerged that chief executive Terry Duddy received a 72% salary increase despite falling profits at Argos. Mr Duddy's package went from £858,000 to £1.47m in 2009, ...read more
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