• MODULEO 20191080x300px

  • IMM october2019

  • Breasley sept2019

  • Vifaexpo nov2019

  • JFS sept2019

  • Germania

  • Interiors Monthly Banner 200x480 1
  • Greenwood Retail December 2017
  • 70212 001 AM Banner animiert ALLGEMEIN 480x200px

  • heimtextil oct2019

  • Fibreline encore july2019

  • 55S Banner 21

Argos and Homebase suffer sales falls

ArgosSep2015Argos and Homebase have seen sales fall in the past quarter, although profits were helped by favourable currency and shipping costs.

As anticipated with its store closure programme, Homebase saw sales drop, by 2.8% to £378m in the quarter to 29 August. Like for like sales rose by 5.9% with ‘growth broadly across all product categories, but particularly in big ticket products.’ The chain said the increase was ‘partially supported’ by closing down sales but margins had suffered as customers bought reduced big ticket items such as kitchens.
At Argos sales dropped 0.4% to £897m, thanks to lower TV, tablet and white goods sales. Like for like sales fell 2.8%. Internet sales for the quarter represented 46% of total Argos sales, up from 44%. Within this, mobile commerce sales grew by 11% to represent 25% of total Argos sales, up from 22% in the prior year.