ECHO Business : Brief Case.Byline: By NEIL HODGSONGREAT Universal Stores, owner of Argos and Homebase, said today it was bracing itself for another tough year after seeing like-for-like sales Like-for-Like Sales The portion of current sales achieved through activities that are comparable to the activities of the previous year. Notes: Using like-for-like sales is a method of valuation that attempts to exclude any effects of expansion, acquisition, or other decline at both its retail businesses in the six months to September 30. Sales fell 3% at catalogue firm Argos while Homebase was 4% lower since the end of February. The group said that, while both chains 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. Argos bought 33 Index outlets earlier this year from Liverpool-based Littlewoods BOOTLE dry cleaning and workwear Noun 1. workwear - heavy-duty clothes for manual or physical work apparel, clothes, wearing apparel, dress - clothing in general; "she was refined in her choice of apparel"; "he always bought his clothes at the same store"; "fastidious about his dress" hire group Johnson Services has paid pounds 28m for Leicester-based SGP SGP Singapore (ISO Country code) SGP Schering-Plough (stock symbol) SGP Stability and Growth Pact SGP Southern Great Plains SGP Staatkundig Gereformeerde Partij SGP Speedway Grand Prix Property Services, which provides a range of property management services and will let Johnson bid for work with larger corporate clients CAR retailer Lookers has bought Bristol-based APEC, wholesale distributor of braking parts, for pounds 9.25m. Lookers chief executive Ken Surgenor said the deal is in line with its strategy of strengthening its franchised used cars and aftersales base |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion