Homebase struggling in a tough DIY market
But Experian outperforms expectations, with sales growth of 30% in the second half.
Argos saw total sales up 9% in the second half
of the year. Argos Direct, the delivery to home operation, grew sales by 13% in the second half, representing 21% of revenue. Within this, sales ordered over the Internet rose by 39%, contributing 7% of revenue. A further 12% of sales were reserved by phone or Internet for later collection in store (known as Check and Reserve). The latter was also 39% ahead of the same period last year.
At Homebase like for-like sales deteriorated during the period, leading to a 5% decline in the half.
Experian delivered double digit sales growth for the fourth consecutive 12 month period. In the second half of this financial year, sales increased by 25%.
John Peace, Group Chief Executive of GUS, said
‘Experian has delivered record sales growth in the year just ended, with a good balance between organic and acquired growth. It continues to benefit from its investment in new products, markets and regions.
We continue to remain cautious on the outlook for UK retailing, especially in DIY. However, in the difficult environment during the second half, sales at both Argos and Homebase again outperformed their markets.”
