2017 10 10 Airfree 468×60 Banner (Home & Industry News)

Industry News

Published on March 17th, 2017 | by The GC Team

0

Argos reports strong sales quarter

Like-for-like sales at retailer Argos grew 4.3% in the nine weeks to 11 March 2017, parent company Sainsbury’s has reported.

Argos delivered strong sales growth in technology categories, with particularly good contributions from mobile phones, video gaming, wearable tech and sports equipment.

Total sales grew 3.8%.

Sainsbury’s Group Chief Executive Mike Coupe said: “Argos delivered another strong quarter of growth, with like-for-like sales up by over 4%. We are investing in digital to deliver excellent service and availability, with enhancements to the Argos website and app. Online participation is growing, driven by mobile and Fast Track delivery and customers are responding well to new ranges.”

Sainsbury’s opened a further 11 Argos Digital stores in its supermarkets, bringing the total to 41, and another Mini Habitat store in one supermarket, bringing the total to eight.

Coupe added: “The market remains very competitive and the impact of cost price pressures remains uncertain. However, we are well placed to navigate the external environment and remain focused on delivering our strategy.”

Tags:


About the Author

Get Connected is the top trade journal for the UK electricals industry. Its website is the fastest, most interesting and up to date in the business.



Leave a Reply

Your email address will not be published. Required fields are marked *

eleven − three =

Back to Top ↑
  • 2017-10-30 DeDietrich 300×250
  • The Latest…

  • 2017 09 01 Blomberg 300 x 250
  • GC Latest Tweets…

    77% of consumers “want in-store shopping to be more enjoyable” gcmagazine.co.uk/?p=…

    About 16 minutes ago from GC Magazine's Twitter via Twitter Web Client · reply · retweet · favourite

  • Read The Latest Issue...
  • News by Category

  • Archives


Subscribe to GC's weekly e-Bulletin