Introduction
Home Retail Group, the UK’s leading home and general merchandise retailer, today announces its results for the 26 weeks to 30 August 2008.
Terry Duddy, Chief Executive of Home Retail Group, commented:
“Against a backdrop of a difficult trading environment, we delivered an operating result for the half which demonstrated further success on both cost control and cash generation. The challenging conditions look set to remain for some time, and indeed have worsened in the turbulent recent weeks. If these conditions continue through our peak trading months of November and December, the profit outcome for the year would likely be around the bottom of current market expectations. The Group continues to adapt to this backdrop, and our operating model and financial strength will be key drivers of competitive advantage.”
