Home Retail Group

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Home Retail Group plc
Public
Traded as LSEHOME, OTCQXHMRTY
Industry Retailer
Founded 2006
Headquarters Milton Keynes, Buckinghamshire, UK
Key people
John Coombe Chairman
John Walden CEO
Products Consumer goods
Revenue £5,663.0 million (2014)[1]
£111.4 million (2014)[1]
£54.0 million (2014)[1]
Slogan Shaping the future of shopping
Website www.homeretailgroup.com

Home Retail Group plc (LSEHOME) is one of the UK's leading home and general merchandise retailers. It is the parent company of Argos and Homebase. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History[edit]

GUS plc acquired Argos in 1998 and combined it with its mail order business to form Argos Retail Group ('ARG') in 2000.[2] It went on to acquire Homebase in 2002, bringing it into ARG.[2] In 2005, GUS bought 33 Index stores, which were subsequently converted to the Argos format.[3] ARG was renamed Home Retail Group upon its 2006 demerger from GUS.[4] Shares in Home Retail Group were traded on the London Stock Exchange as from 11 October 2006.[5] In 2007, Home Retail Group bought 27 stores from Focus DIY and converted them to the Homebase format.[6] In 2011, the Group bought the exclusive rights to the Habitat brand, its brand designs and intellectual property in the United Kingdom and Ireland, along with three stores in London and its website.[7]

In October 2014, Home Retail Group announced plans to cut the number of their 323 Homebase stores by 25% by 2019 because they were unprofitable or in decline.[8]

Operations[edit]

Home Retail Group has over 1,000 stores in the United Kingdom and Ireland and comprises the following operating companies:[9]

Own Brands[edit]

Home Retail Group owns a number of well-known brands, including:[10]

Joint Ventures and Associates[edit]

The Group has a 49% holding in a multi-channel general merchandise retail business in China, called HH Retail Limited, with Haier Group - one of the world's leading home appliance manufacturers - holding the remaining 51%.[11] The Group sold its 33% shareholding in Ogalas Limited (which trades as 'home store + more' in the Republic of Ireland) on 8 March 2013.[12]

Financial performance[edit]

All figures below are for the Group's financial years, which run for 52 or 53 week periods to late February/early March.[1]

52/3 weeks ended Turnover (£m) Profit/(loss) before tax (£m) Profit/(loss) for year (£m) Basic earnings per share (p)
1 March 2014 5,663.0 71.2 54.0 6.8
2 March 2013 5,475.4 130.1 94.0 11.7
3 March 2012 5,582.8 104.1 72.8 9.1
26 February 2011 5,851.9 265.2 190.9 23.1
27 February 2010 6,022.7 293.0 209.8 24.3
28 February 2009 5,897.4 (394.2) (413.1) (47.7)
1 March 2008 5,984.8 426.0 294.6 34.0

References[edit]

  1. ^ a b c d "Preliminary Results 2014" (PDF). Home Retail Group. Retrieved 28 March 2015. 
  2. ^ a b "Home Retail Group - Our story". homeretailgroup.com. Retrieved 28 March 2015. 
  3. ^ Anticipated acquisition by GUS plc of part of the Index Business of Littlewoods Ltd OFT
  4. ^ "GUS reveals demerger plans". Investors Chronicle. Retrieved 28 March 2015. 
  5. ^ "Welcome". London Stock Exchange. 11 October 2006. 
  6. ^ Completed acquisition by Home Retail Group plc of 27 leasehold properties from Focus (DIY) Ltd OFT
  7. ^ Habitat stores enter administration as part of sale BBC, 24 June 2011
  8. ^ "Homebase to accelerate store closures". BBC News. 22 October 2014. 
  9. ^ "Home Retail Group - Our businesses". homeretailgroup.com. Retrieved 28 March 2015. 
  10. ^ "Home Retail Group - Our brands". homeretailgroup.com. Retrieved 28 March 2015. 
  11. ^ Haier Elec (HKG:1169) invests US$15M in JV with Home Retail Chinese Stock Information, 19 October 2011
  12. ^ Commission clears acquisition of Ogalas by Home Retail and Durinicum Practical Law, 2007

External links[edit]