MILTON KEYNES, England — Home Retail Group is considering spinning off its Homebase DIY banner in order to focus its energies on the thriving Argos unit, according to the Financial Mail. Long viewed as the weakest of Britain’s DIY players, it pulled in a modest £10 million in profits over the last year. Argos enjoyed a turnaround during its two years with John Walden at the helm. Rewarded with promotion to group chief executive, Walden is trying to extend his success at Argos to Home Retail as a whole, and the review of Homebase comes as part of his strategic review of profitability.
Home Retail Group mulls Homebase spinoff
Most Recent
Most Read
Wolseley adds a store in British Columbia
Thu, April 18th, 2024
Canadian Tire voted one of Canada's most trusted brands
Thu, April 18th, 2024
Amazon's European shipments will ride the rails
Thu, April 18th, 2024
Throwback Thursday: Ten years ago we reported on the giant salaries that CEOs were paid
Thu, April 18th, 2024
Federal budget: Capital gains tax hike will hit business owners
Wed, April 17th, 2024
Retailers among Canada’s Greenest Employers
Wed, April 17th, 2024
Castle welcomes new member in Nova Scotia
Tue, April 16th, 2024
Home Depot loss prevention officer charged in theft investigation
Tue, April 16th, 2024
Housing starts rise in March
Tue, April 16th, 2024
HR Advisor looks at Gen Z, retention
Tue, April 16th, 2024