SHARES in Home Retail Group plunged by nearly 20% after it revealed that profits at its Argos chain were hammered as shoppers put off buying TVs and computer consoles.Read
THE owner of Argos has posted a further sharp slump in sales. Home Retail Group, which also owns Homebase, highlighted a significant decline in the consumer electronics market as like-for-like sales at Argos dived by 9.6% in the 13 weeks to May 28. Total sales, which include the addition of new store space, were down 8.1% at £817m, it added.Read
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