Home Retail Group

Home Retail Group reports a decline in Q1 sales at Argos

Home Retail Group reports a decline in Q1 sales at Argos

Home Retail Group Plc, the owner of Argos and Homebase stores, announced a decline of 8.1% in like for like sales at its Argos division for the first quarter of the fiscal. The first quarter sales figures of Argos The group said that the decline in Argos first quarter sales was mainly attributable to the weaker demand for video games and televisions in the period.

Home Retail also said that sales at its Homebase chain fell by 1.4% in the first quarter of the fiscal.