Games and TV dip hits Argos figures

Ronnie Dungan

By Ronnie Dungan

June 10th 2010 at 11:22AM
Games and TV dip hits Argos figures

Poor sales from video games and TVs saw Argos sales dip in the first quarter.

Argos sales were down 8.1 per cent on a like-for-like basis, leading to a 5.2 per cent drop in revenues to £889 million in the 13 weeks to 29th May.

Owner, The Home Retail Group, said consumers had been reluctant to spend due to economic uncertainty, with the video games market particularly hit after a strong performance last year and television sales down despite the forthcoming World Cup.