Beware the barbeque bounce.
Investors Chronicle - magazine and web content, June, 2009
Byline: John Hughman
IN BRIEF: The sunny spring has been good news for Home Retail and Kingfisher, but a seasonal boost doesn't mean the retail sector is out of the woods yet
After the bounce reported by B&Q owner Kingfisher last week http://www.investorschronicle.co.uk/Companies/ByEvent/TradingNews/Inbrief/article/20090602/e0fb6dca-4f70-11de-adcf-00151 71400aa/Spring-sun-for-Kingfisher-but-clouds-ahead.jsp Kingfisher last week, it came as no surprise to hear that Home Retail had also enjoyed a sales uplift thanks to this year's unseasonably good spring weather.
The group said that like-for-like sales at Homebase had risen 3.8 per cent in its first quarter to 30 May, thanks to a good performance from gardening and outdoor products, which...
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