Argos sales slip

Home Retail Group reports sales decline since the beginning of 2010 of 9.4 per cent year-on-year.
Publish date:
47_Argos 275.jpg

The drop in like-for-like sales for the eight weeks to February 27th is thought to be due to bad weather in the early part of the year and a late spring/summer catalogue launch.

For the full year, Argos sales rose 1.5 per cent to £4.35 billion.

The early decline has not affected Home Retail Group's expectations for the year ahead, though.

Chief exec Terry Duddy said full year pre-tax profits are likely to be around £290 million, slightly ahead of market expectations.

He said: "This is a good outcome to a challenging year and is combined with excellent cash generation."


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