Thursday, April 26, 2018

Homebase sales plunge 20% after 'beast from the east' froze garden sales

Late winter weather deepens DIY chain’s woes with furniture and plant sales hammered

Sales at Homebase plummeted 20% in March as the “beast from the east” added to the woes of the Australian-owned DIY chain.

Perth-based Wesfarmers said the cold snap had played havoc with demand for plants and garden furniture, resulting in a fresh setback for the struggling chain.

Related: UK retail sales continue to disappoint in April

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from Mergers and acquisitions | The Guardian https://ift.tt/2HsMu6F

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