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

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

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.
The dire March trading meant like-for-like sales in the first three months of 2018 were down 15.4% on the same period last year – even worse than the 15.1% decline posted in the previous quarter.
Wesfarmers had planned to convert the chain into an outpost of its successful domestic chain Bunnings, which, in... read more

 
26 April 2018 in Business, Views: 61
Source: Guardian
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