Home Retail Sees Full-Year Benchmark Pre-tax Profit Above Market View - Update

UK-based home and general merchandise retailer Home Retail Group Plc (HOME.L) Thursday said it expects benchmark pre-tax profit for the financial year ended February 27, 2010 to be slightly ahead of current market expectations. In the final eight weeks of the year, total sales at Argos segment declined 6.6% while Homebase segment’s total sales were flat with the prior year.