Thursday, January 17, 2008
The Home Retail Group (LSE: HOME), formerly Argos Retail Group, headed by Terry Duddy, is a holding company for the UK retailers Argos, Homebase and the financial services division for both companies, including HOME Financial Services, comprising of 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 is the UK's leading home and general merchandise retailer with sales of over £5.5 billion in the last financial year. It sells products under two retail brands, Argos and Homebase, which are household names in the UK. Argos is a unique multi-channel retailer recognised for choice, value and convenience and is the UK's leading seller of general merchandise. Homebase is the UK's second largest home improvement retailer and is recognised for choice, style and customer service across the wider home enhancement market.
Home Retail Group employs approximately 51,000 people, has almost 1,000 stores throughout the UK and Republic of Ireland and serves over 200 million customers a year.
Home Retail Group was demerged from its parent company, GUS plc, with effect from Tuesday 10 October 2006. Shares in Home Retail Group were admitted to the Official List and to trading on the London Stock Exchange's market for listed securities on Wednesday 11 October 2006 at 8am.
As of 24 September 2007.
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