Published on March 17th, 2017 | by The GC Team0
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.”