RETAIL UPDATE: Argos sales beat expectations

Sales decline just 1.6 per cent, but like for like sales down 4.8 per cent on 2007.
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Catalogue retail specialist Argos has posted sales figures above what most were expecting, stating that whilst the year ahead will be tough it expects to maintain a strong position on the High Street.

For the eight weeks until the end of 2008, Argos saw like-for-like sales decline 1.6 per cent. Like-for-like declines for its fiscal second half and full fiscal 2008 reached 6.2 per cent and 4.8 per cent respectively.

To read the full story on sister site ToyNewsmag.com, click here.

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