 Sales prospects remain uncertain, HRG says |
Argos and Homebase owner Home Retail Group (HRG) has said that both its two chains have had "a strong start" to the current financial year. Like-for-like sales - which strip out the impact of new stores - at Argos rose 0.9% in the 13 weeks to 2 June against the same period a year earlier.
DIY chain Homebase saw its like-for-like sales rise by 2.7%.
Despite the increases, HRG said it was cautious on full-year prospects because of the "uncertain consumer outlook".
HRG was spun out from former owner GUS in October last year.
"We have had a strong start to the financial year in a highly competitive market," said HRG chief executive Terry Duddy.
Back in February, HRG announced that it was expanding the Argos name into India through a franchise deal with two of the country's leading store chains.
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