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Sales slide at Home Retail

TIP UPDATE: Home Retail's sales have continued to fall and - with consumer conditions still tough - improvement isn't likely soon
March 16, 2011

Home Retail reports that like-for-like sales at catalogue retailer Argos have slumped 5.6 per cent in the year to end-February, while sales at DIY operator Homebase dropped 0.3 per cent.

IC TIP: Sell at 193p

What we said:

When: 30 September 2010

Price: 208p

Tip performance: +8 per cent