Toys dip at Argos

Toys were one of Argos? underperforming lines according to its latest trading update.
Publish date:

Home Retail Group (HRG), the owner of Argos, has said that the slowdown in consumer spending is now "more evident" in its latest trading update.

Argos saw like-for-like sales fall 0.2% in the 18 weeks to 5th January. The group said its more traditional gift areas of toys and jewellery, as well as furniture and homeware suffered during the period.

But to counter this, there was "exceptional performance" in the satellite navigation, video gaming, and mobile phone sectors.

HRG said that short-term sales growth would be harder to attain, although the firm added that full-year profits were set to be at the top end of forecasts.

Internet sales helped to boost sales, with orders increasing by a third over the period.


Featured Jobs


Marketing Director UK

Gameplan I Southeast of England I Salary: Competitive I Date Published Monday 7th January 2019

Rainbow logo landscape_home of classic Final

Product Manager

Rainbow Designs Ltd I Olympia, London I Salary: Competitive I Date Published Wednesday 16th January 2019