Argos and Homebase owner sees sales decline
12/10/2005 - 07:33:05The owner of Argos and Homebase said today it was bracing itself for another tough year, after seeing sales decline at both its retail businesses.
GUS told investors that like-for-like sales fell 3% at catalogue business Argos in the six months to September 30, while the figure for Homebase was 4% lower in the period since the end of February.
The group said that while both chains had outperformed their competitors it was still planning on the assumption that sales for the market as a whole would be in decline over the next 12 months.
