HOMEBASE Like-for-like sales increased by 0.6%
Home Retail Group, the UK’s leading home and general merchandise retailer, today publishes a trading statement for the 18 weeks from 31 August 2014 to 3 January 2015.
Total sales at Homebase declined by 2.7% to £451m due principally to a reduction in net space of 3.3%. There were 12 store closures in the period, resulting in a total of 19 closures year to date. The Homebase portfolio has therefore reduced to 304 stores and we remain on track to close a total of around 25 stores in the current FY 2015 financial year.
Like-for-like sales increased by 0.6% in the period. There was growth in sales of seasonal products, principally as a result of the warm weather during the period. Big ticket sales performance was broadly flat, while sales in the remaining product categories were slightly down.