THE owner of the Homebase and Argos chains said it would cut more costs after sales remained under pressure in the year to date.
Home Retail said it was streamlining head office operations and reorganising store-based staff to better match demand levels. The company did not disclose the impact this will have on job numbers.
Like-for-like sales fell by 10.2% at Homebase in the eight weeks to February 28, while the figure for Argos showed a better-than-expected drop of 1.6% thanks to strong demand for flat screen TVs, video gaming and new personal computers.
