Second Quarter Trading Statement

Home Retail Group  |  Financial news

Home Retail Group, the UK's leading home and general merchandise retailer, today updates on the trading of its second financial quarter covering the 13 weeks to 27 August 2011.

Terry Duddy, Chief Executive of Home Retail Group, commented:
"Overall the performance in the quarter was in line with our expectations. Argos' sales continued to be impacted by the decline in the consumer electronics market, while at Homebase, after a good first quarter which saw strong seasonal sales, the second quarter was more challenging.

"Whilst continuing to plan cautiously, we are in good operational shape as we approach the Christmas trading period. We continue to develop and invest in our customer proposition across the businesses."

To view the full announcement click here (pdf).

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