Home Retail Group

Type: Public
On the web: http://www.homeretailgroup.com

Home Retail Group (formerly Argos Retail Group) has UK homeowners covered from the inside, out. The company (commonly referred to as HRG) runs the 730-store Argos general merchandise chain, catalog and Web site, and do-it-yourself (DIY) retailer Homebase, with some 345 locations across England and Ireland. Argos, founded in 1973, offers some 19,000 general merchandise products and is a leading retailer of jewelry, small home appliances, sporting equipment, and toys. Homebase, which joined the group in 2002, is England's second-largest DIY chain (behind Kingfisher), offering 30,000 products. GUS spun off HRG, which began trading independently on the London Stock Exchange, in 2006.

Key numbers for fiscal year ending March, 2009:
Sales: $8,407.9M
Net income: ($589.0)M

Officers:
Chairman: Oliver Stocken
CEO and Board Member: Terence (Terry) Duddy
Finance Director and Board Member: Richard Ashton

Competitors:
DSG International
Kingfisher
Tesco

Home Retail Group plc

Type	Public (LSE: HOME)
Founded	2000
Headquarters	Milton Keynes, England, UK
Key people	Oliver Stocken Chairman Terry Duddy CEO
Industry	Retailer
Products	Consumer goods
Revenue	£5,984.8 million (2008)
Operating income	£387.1 million (2008)
Net income	£294.6 million (2008)
Employees	circa 57,000
Website	www.homeretailgroup.com

Home Retail Group plc (LSE: HOME) is a holding company for the UK and Republic of Ireland retailers Argos and Homebase. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index.

History

The Company was established in 2000 when GUS plc merged its Argos and Reality UK businesses.^[1] It went on to acquire Homebase in 2002 and 33 Index stores in 2005.^[1] It was demerged from its parent company, GUS plc, with effect from 10 October 2006.^[2] Shares in Home Retail Group were traded on the London Stock Exchange as from 11 October 2006.^[3]

Operations

The Company comprises the following businesses:

• Argos
• Homebase
• Alba
• Bush
• Chad Valley
• Hygena
• Shaker

• Financial services including HOME Financial Services, comprising HOME Card Services (handling store cards such as the Argos Card and Homebase Card), HOME Insurance Services (handling in the store extended warranties and accidental damage insurances) and HOME Card Transactions (handling processing of in-store EFTPOS transactions).

Home Retail Group employs approximately 57,000 people, with 1,100 stores throughout the UK and Republic of Ireland and serves over 200 million customers a year.^[4]

References

1. ^ ^{a b} Home Retail Group: History
2. ^ GUS reveals demerger plans
3. ^ London Stock Exchange Welcome story
4. ^ Home Retail Group: Our businesses

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