THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Argos sales growth boosted by gadgets

Argos saw its like-for-like sales grow by 1.4% in three months to 1 September marking a return to sales growth for the catalogue chain. Total sales grew by 1% to £867 million.

GENERAL MERCHANDISE

Argos sales growth boosted by gadgets

Its owner, Home Retail Group, said the improved performance was driven by strong growth in sales of tablets, e-readers, and white goods. This offset declines in the video gaming and audio categories and weaker trading in seasonal products.

Sales via the retailer’s online Check & Reserve service grew by 24% while total internet sales increased by 16%, representing 42% of total Argos sales. Total multi-channel sales made up 52% of total sales, up from 47% a year earlier.

DIY chain Homebase, which is also owned by Home Retail Group, saw its total sales fall by 3.9% to £366 million in the quarter. Like-for-like sales declined by 3.7% as sales of seasonal products were impacted by the unseasonably wet weather in the quarter.  Sales for the remaining categories were broadly flat.
 
This meant that across the first half of the year sales were down by 6.2% at Homebase to £787 million, while at Argos sales grew 0.6% to £1.69 billion.

Terry Duddy, chief executive of Home Retail Group, said: "Argos has had a solid first half of the year supported by its multi-channel performance, while at Homebase seasonal product sales continued to be adversely impacted by the poor weather conditions.

"At this stage, we expect to deliver full year Group benchmark profit in line with current market expectations but, as always, the outcome will depend upon trading at Argos in its peak Christmas period.  While we continue to plan cautiously we approach our peak trading period in good operational shape."

 

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Retail Human Resources Summit
Retail Human Resources Summit
Wednesday 3 October 2018
The Cavendish Conference Centre, London W1
The 10th HR Summit 2018, The Cavendish Conference Centre, London W1, 3rd October 2018
The Retail Design Summit 2018
The Retail Design Summit 2018
14 November 2018
The Cavendish Conference Centre
The Retail Design Summit 2018
Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
National Minimum Wage Breakfast Briefing
National Minimum Wage Breakfast Briefing
20 September 2018
6th Floor 1, St. Martin's Le Grand London, EC1A 4AS
National Minimum Wage Breakfast Briefing