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Group overview
Financial highlights
Chairman's statement
Chief executive's review ->
Operational review ->
Financial review
Responsibilities and governance ->
Financial statements ->
Five year summary
Principal subsidiary undertakings
Shareholder information
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Group overview

GUS is a retail and business services group. Its activities comprise general merchandise retailing through Argos Retail Group, information and customer relationship management services through Experian and luxury goods through a majority shareholding in Burberry Group plc

Argos Retail Group
General merchandise retailing

Argos Retail Group (ARG) is the UK’s leading multi-brand, multi-channel retailer. It delivers choice, value and convenience through a unique and award-winning combination of stores, catalogues, websites and home delivery options. ARG provides this through its market leading brands:
  • Argos – the UK’s most successful general merchandise retailer
  • Homebase – one of the UK’s leading home enhancement companies
  • Wehkamp – the largest home shopping catalogue in the Netherlands
  • ARG Financial Services – providing financial services, including the Argos and Homebase store cards
ARG leads its markets by leveraging its size and strength to integrate and improve purchasing scale, to share services and to provide multi-channel capability across the business.

ARG employs 44,700 people in the UK, Holland and the Republic of Ireland.
Image of a bar chart showing 
ARG operating profit:
Year 2000 - £192 million
Year 2001 - £217 million
Year 2002 - £255 million
Year 2003 - £285 million
Year 2004 - £416 million
ARG operating profit

£ million

Experian
Information solutions

Experian helps organisations to find, develop and manage profitable customer relationships.

The company does this by leveraging its:
  • skills in managing client processes
  • ability to develop analytical solutions
  • ownership of core data assets
Experian also empowers consumers to understand, manage and protect their personal information and assets.

Experian has become a strategic partner to more than 40,000 clients across diverse industries, including financial services, telecommunications, healthcare, insurance, retailing, automotive, manufacturing, leisure, utilities, property, e-commerce and government.

The company employs 13,100 people, supporting clients in more than 60 countries. Experian’s headquarters are in Costa Mesa, California and Nottingham, UK.
Image of a bar chart showing Experian operating profit:
Year 2000 - £201 million
Year 2001 - £217 million
Year 2002 - £224 million
Year 2003 - £256 million
Year 2004 - £482 million
Experian operating profit
£ million

Burberry
International luxury goods

Burberry designs and markets a comprehensive range of clothing and accessories, which appeal to style-conscious consumers around the world.

Burberry products are sold through 145 directly-operated stores, concessions and outlets, and through partnerships with key retailers in the world’s leading economies.

The company employs approximately 3,850 people around the world.

Burberry’s principal strengths are its:
  • unique history and positioning
  • international recognition and broad appeal
  • diversified distribution channels
  • multiple product and geographic growth opportunities

The Lewis Group
South African retailing

The Lewis Group is a leading retailer in Southern Africa selling household and electrical goods, mainly on credit, together with associated financial products.

The business trades under the Lewis brand in 400 furniture stores, as well as under the Best Electric brand in 47 specialist electrical stores and under Lifestyle Living in 18 upmarket furniture and electronic goods stores.

Lewis is the largest single brand by number of stores in the furniture retail industry in Southern Africa and employs 5,700 people.
Image of a bar chart showing Burberry operating profit:
Year 2000 - £22 million
Year 2001 - £70 million
Year 2002 - £90 million
Year 2003 - £117 million
Year 2004 - £141 million
Burberry operating profit
£ million

Image of a pie chart showing operating profit of Argos Retail Group, Experian, Burberry and The Lewis Group for the years ended 31 March 2004; for details see text below . Image of a pie chart showing operating profit of Argos Retail Group, Experian, Burberry, The Lewis Group and others for the years ended 31 March 2000; for details see text below .
Operating profit*†
Year ended 31 March 2004
£882m
Argos Retail Group
Experian
Burberry
The Lewis Group
Operating profit*
Year ended 31 March 2000
£519m
Argos Retail Group
Experian
Burberry
Other: 9% The Lewis Group
5% Finance
6% Property
7% Home shopping


* pre-central costs
† continuing operations


Key events of the year

AprilMay September October
7 April
Experian North America
acquires three regional
affiliate credit bureaux in
ongoing affiliate
acquisition programme

27 May
GUS disposes of home
shopping businesses in
the UK, Ireland and
Sweden, together with
Reality, the UK logistics
and customer care
business

5 September
Homebase introduces
new home furnishings
range, miHome

10 September
Burberry opens store in
Milan, its first in Italy

26 September
Argos central distribution
centre at Barton
becomes operational

2 October
FARES, Experian’s
20%-owned real estate
information associate,
acquires Transamerica’s
real estate tax service
and flood certification
businesses

8 October
Homebase store
card launched
November January May

5 November
Argos website tops
European ranking of
online retailers

12 November
Experian named UK’s ‘National Business of the Year’ in the National Business Awards

17 November
GUS sells its 50% stake in property joint venture for £163m

19 November
GUS sells further 11.5%
stake in Burberry to
improve liquidity in
Burberry shares

20 November
GUS reports record interim results, with 44% increase in profits

17 January
New Spring/Summer Argos catalogue has 13,000 lines, 12% more than a year ago

21 January
Andy Hornby, Chief Executive of Retail Banking at HBOS plc, joins GUS Board as a non-executive director

25 May
GUS reports 29% increase in profits, its third year of double-digit growth


 
     
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