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"We look forward to a stronger second half as we progress the Transformation Plan and introduce new propositions more broadly to the market.”

“Challenging” first quarter sees Argos sales slip 2.6 per cent

Home Retail Group is expecting a “challenging” first half for Argos following a drop in first-quarter sales of 2.6 per cent.

Sales have reportedly slipped to £846 million in the 13 weeks to May 30th, which were 3.9 per cent down on a like-for-like basis.

Online sales in the quarter represented 44 per cent of total Argos sales, an increase of 2 per cent while mobile commerce sales grew by 15 per cent to 25 per cent of online sales.

In what has been described as a ‘challenging’ first half by Home Retail’s chief executive John Walden, this year has seen Argos launch new initiatives including two digital concessions within Sainsbury’s.

Walden said: “We continue to expect that sales will be challenging during the first half at Argos, but we look forward to a stronger second half as we progress the Transformation Plan and introduce new propositions more broadly to the market.”

The group’s DIY retail arm, Homebase has however seen a more positive start to the year with a 5.4 per cent increase on like for like sales.

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