Retail news
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New chairman named for Sainsbury’s
- Posted:
- 14 September 2009 09:24
Press reports have surfaced naming a former finance director of GUS, the conglomerate which once owned Argos, Homebase, Burberry and Experian, as the replacement for outgoing chairman of Sainsbury's, Sir Philip Hampton. David Tyler has been named by various sources as the replacement for Sir Philip, who will leave the ...read more
HRG performs ahead of expectations
- Posted:
- 10 September 2009 09:34
Home Retail Group, which encompasses the Homebase and Argos chains, has said that good cost management, combined with a good performance ahead of expectations, will see anticipated pre-tax profits for the group to be in-line with last year's £121 million.Terry Duddy, chief executive of Home Retail Group, commented: "We are ...read more
HRG shareholders revolt over executive pay
- Posted:
- 03 July 2009 09:28
Home Retail Group, which includes Argos and Homebase, has been forced to defend a new bonus incentive scheme after over a third of investors voted against the plan.Although the protest vote was not enough to block the move, it has been seen as indicative of widespread unrest in the company's ...read more
Homebase boosts HRG
- Posted:
- 11 June 2009 09:35
Home Retail Group has seen better-than-expected sales across both of its brands as "excellent weather conditions" helped Homebase to outperform Argos.In the 13 weeks to May 30th, total sales at Argos grew by 0.9% to £937 million, whilst total sales at Homebase grew by 5.8% to £465 million. On a ...read more
Ex-HBOS boss in running for Boots post
- Posted:
- 08 June 2009 09:22
The ex head of HBOS, which came close to collapse last autumn, is in talks with Alliance Boots over a deal that would see him become the company's new chief executive. Andy Hornby is said to be the favourite out of several candidates for the post, with a decision from the ...read more
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