RETAIL UPDATE: Argos sales dip

Argos sales dropped 5.3 per cent according to its latest trading update.
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Sales at stores open at least a year fell by 7.5 percent in the 18 weeks to January 3rd, compared with a 5.3 per cent decline in the 44 weeks to that date.

Annual pretax profit will be around the consensus analyst estimate of £320m ($468 million).

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