DID HOME RETAIL PROVIDE ANY CLARITY ON PLANS TO STEM THE DECLINE?
SIMON IRWIN LIBERUM
There is almost nothing in the statement about what management is going to do to arrest the decline in sales and profitability. Consequently it still appears that any significant degree of change is now unlikely until 2013.
KEITH BOWMAN HARGREAVES LANSDOWN
For now, Home remains arguably the retail equivalent of the “canary in the mine”… In all, with such big questions still to be answered, consensus opinion remains cautious, denoting a “sell”.
PHILIP DORGAN PANMURE GORDON
While trade is being affected by the weather – and this will drive further forecast reductions – there are bigger, structural issues for it to overcome. We think that it needs to be much more radical if it is to survive in an online world.