Nursery Today magazine

Argos finds first quarter of 2015 "challenging"

Catalogue company sees sales slip but Home Retail chief John Walden remains confident in ongoing transformation plan.

Home Retail Group reveals a 2.6% slip in first quarter sales, and in the 13 weeks to the end of May, sales were down 3.9% like-for-like at £846million. The group's DIY store Homebase fared better, however, with sales climbing 5.4% on a like-for-like basis.

The figures also revealed a change in the way Argos's shoppers were buying. In the quarter, online sales grew by 2%, accounting for 44% of sales overall.

Mobile commerce was also up by 15%, representing a quarter of those online sales.

John Walden, Home Retail Group chief executive, said: "We continue to expect that sales will be challenging during the first half at Argos, but we look forward to a stronger second half as we progress the Transformation Plan and introduce new propositions more broadly to the market."


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