Digital win for Argos [Hull Daily Mail (England)]
(Hull Daily Mail (England) Via Acquire Media NewsEdge) RETAIL: The digital makeover of catalogue chain Argos showed early signs of progress yesterday after strong trading figures for the peak Christmas period.
Its owner, Home Retail Group, said internet sales now accounted for 42 per cent of all Argos business as more shoppers took advantage of the chain's new tablet and smartphone apps, as well as click and collect services.
Argos sales rose 2.7 per cent on a like-forlike basis in the 18 weeks to January 5, meaning Home Retail's profits for the year to March will be Pounds 10m ahead of current City forecasts of Pounds 73m.
Consumer electronics, particularly tablet computers, drove the improvement, while there was also growth in white goods, toys and core electricals.
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