Summary
HOME RETAIL warned today it is already seeing a downturn in sales at its Homebase DIY chain and expects "restricted growth" at Argos stores as consumer spending slides.
It reassured investors that the financial year which ended at the start of this month had produced "double-digit earnings growth" in line with City forecasts. That suggest 14% profit growth to around Pounds 429 million.See the full content of this document
Extract
Slowdown Hits at Homebase ; Retail
Chief executive Terry Duddy said: ...
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