Argos mobile sales leap 117%

Retailer's like-for-like sales also rise 2.1 per cent overall.
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Argos' sales made by customers using mobile devices have jumped 117 per cent year-on-year.

The announcement was made today as part of parent company Home Retail Group's end of year trading statement.

Argos' overall like-for-like sales rose 2.1 per cent for the 52 weeks ending March 2nd, 2013. Total sales rose 1.5 per cent.

Total internet sales also grew in the period, with online representing 43 per cent of Argos’ total sales, up from 40 per cent a year ago.

During the eight weeks to March 2nd, total sales at Argos grew by 4.3 per cent to £501m, while like-for-like sales increased by 5.2 per cent in the period.

Terry Duddy, Chief Executive of Home Retail Group, commented: “This has been a good outcome to a challenging year with Group benchmark profit before tax now expected to be around £90m, and our net cash position increasing by approximately £200m to around £395m. 

"Against a backdrop of subdued consumer spending for the new financial year, we will continue to invest and are focused on delivery of the transformation plan to reinvent Argos as a digital retail leader and the Homebase proposition.”

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