It’s playing catch-up, but it might just make it, says Phil Oakley.
Home Retail Group owns two stalwarts of British high-street retailing: Argos and Homebase. These two businesses used to make lots of money for the company and its shareholders. Both were beneficiaries of the credit boom, which encouraged many consumers to go on a spending binge.
The recession and the increasing quantities of goods being bought over the internet rather than on the high street has seen many high-profile retailers go to the wall. For those that have survived, life has become much tougher than it used [...]