You do realise that Homebase is the parent company to Argos owned and run by Home Retail Group.
4 store closures arcoss their portfolio of 340+ stores and a decline in sales of c. 1.2% in the quarter leading up to Christmas is hardley a lot... Again like Argos they are investing heavily in their online shopping experience with their reserve and collect service, which has proved to be a winner in Argos, showing pretty good growth.
The group is expecting to post pre tax profits of around £260 million for the year and coupled with substantial reserves of cach in the bank I doubt they will be folding any time soon...
/Salsa
I didn't no, cheers for the info. For some reason I always had it in my head that they were affiliated to Sainsbury's once upon a time but were spun off?