Latest Intelligence on Home Furniture and Housewares

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Type Product title / description Pub Price
CommentWire
CommentWire

Habitat: home is where the hurt is

It has been revealed that Jens Nordahl will leave Habitat at the end of August to become Lego Holding's chief executive. However, this may be the least of Habitat's troubles: other executives are also believed to be considering their future, and with the retailer's recently poor financial performance set to continue, rumors are rife that parent company IKANO is looking to sell.

Published By Datamonitor
05 Jun 2008
CommentWire
CommentWire

Hermes: bags strong growth in Asia

Hermes has reported a resilient performance in the first quarter of 2009, with sales up 3.2% to E428.4 million. Turnover was driven by sales of leather goods, especially in Asia, while favorable currency effects helped to further boost revenue. However, a weaker performance in other product categories and softening demand in Europe pose problems for the future.

Published By Datamonitor
08 May 2009
Expert View
Expert View

Home Retail Group candid about tough times ahead

The Home Retail Group has announced a cautious set of results, with a set of robust figures from Argos undermined by disappointing sales at Homebase and the threat of rising costs. In the short-term at least, the group hinted that it expects things to get worse before they get better, pointing to an underperformance in the second half of last year as a warning for the future.

Published By Datamonitor
01 May 2008
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Home Retail Group: independent life off to a strong start

In its first set of full year results since its de-merger from GUS last October, Home Retail Group has reported an improved performance at both its Argos and Homebase arms, with group sales up by 6.4% and operating profit ahead by 8.3%. In the short term, the prospects for both fascias are favorable, but, in the longer term, the company will need to look further afield for growth.

Published By Datamonitor
02 May 2007
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Home Retail Group: plunges to first half loss as sales slide

Home Retail Group, owner of Argos and Homebase, has reported a pre-tax loss of GBP437m for the 26 weeks to August 30, after taking an exceptional charge of GBP549m related chiefly to a write-down in Homebase's value. With the group particularly exposed to the housing market downturn and facing increasing competition from Asda and Tesco, trading conditions are set to become even more challenging.

Published By Datamonitor
23 Oct 2008
CommentWire
CommentWire

Home Retail Group: positive results hide underlying concerns

Home Retail Group has announced that Argos and Homebase increased total sales by 2.5% and 2.9%, respectively, in the 13 weeks to August 29, 2009. Despite this growth, Verdict believes that these results do not paint a true picture of how both retailers are performing, and that the true litmus test will be how they perform over the next six months.

Published By Datamonitor
11 Sep 2009
CommentWire
CommentWire

Home Retail Group: remains optimistic about profits

The Home Retail Group has announced a deterioration of sales at Argos, and a slightly improved but still disappointing performance at Homebase. This leaves the group relying heavily on what is expected to be a challenging final quarter in order to make a profit. However, its financial strength and tight cost control should leave it well positioned to meet profit expectations.

Published By Datamonitor
12 Sep 2008
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Home Retail Group: repositioning Homebase for the future

Home Retail Group has released its interim results for the six months to September 1, 2007 and has much to be proud about, with Argos sales up 4.7% and Homebase extending its appeal with new product ranges and more aspirational store environments. However, with competition growing across its core markets, Homebase in particular will need to run just to stay still.

Published By Datamonitor
24 Oct 2007
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Expert View

Home Retail Group: time to take the money and split?

UK home and general merchandise retailer Home Retail Group has announced that, for the 18 weeks to January 3, 2009, like-for-like sales at its Argos and Homebase subsidiaries declined by 7.5% and 10.2%, respectively. These poor results are further evidence of the negative impact that the current economic climate is having on consumer confidence and thus discretionary spend.

Published By Datamonitor
16 Jan 2009
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Expert View

Homebase's social media strategy has a magnolia finish

Homebase has ramped up its social media strategy in a bid to drive sales amid tough market conditions; however, Verdict believes that its strategy is actually a step backward from its earlier innovations. While social media can be used to drive sales, the retailer's decision not to integrate its social media activities into its transactional website is a missed opportunity.

Published By Datamonitor
05 Oct 2011

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