NEWS

Home Retail Group revamps after disappointing sales trend for Argos

Published on: 12th June 2015

Home Retail Group has appointed a chief technology officer to oversee the firm’s technology teams across its brands.

homeretail-wordpressHome Retail has announced the appointment of George Goley as chief technology officer. Goley is Amazon’s former vice president of technology and is joining Home Retail from US retailer Sears, where he was chief information officer for online. He has also held a number of roles at Microsoft.

Goley will take up his position at the end of June and will be responsible for the digital infrastructure of the group, which includes Argos and Homebase.

The role has been newly created and the appointment comes after a series of technical glitches for the retail group, including the Argos website crashing and the temporary closure of stores after issues with in store payments.

The Argos division is to be transformed from a catalogue-based retailer into a digital business, targeting higher sales from mobiles and tablet PCs and making collections faster and easier, as the company announced that Argos quarterly sales have fallen in its fiscal first quarter.

Sales at stores open for more than a year fell 3.9% in the 13 weeks to 30th May. That compares with analysts’ consensus forecast of a decline of 3.7%, and a 5.0% fall in the final eight weeks of the 2014-15 year.

Argos’ total sales fell 2.6% to 846 million pounds, with internet sales representing 44% of that total.

Home Retail Group chief executive John Walden commented: “George is an impressive technology executive with a track record for building strong engineering teams and developing world-class, innovative, highly scalable software systems for digital businesses.

“He will be a key partner for both myself and our teams as we transform Argos and Homebase to be leaders in the modern, technology-led digital world.”

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