Argos has blamed the squeeze on living standards faced by low-income families for a devastating collapse in trade that almost wiped out its first-half profits.
A slump in demand for TVs and video games has triggered a sharp fall in sales at Argos. Shares in Home Retail, its parent company, tumbled by nearly 14% in early trading on Thursday after it released disappointing quarterly sales
Last-minute shoppers are set to bag a cut-price Christmas this year as retailers offer hefty discounts to boost spending before the looming government austerity drive. With just
Tesco famously claims “every little helps” – now Britain’s biggest private-sector employer is among the first to offer the option of working “slivers of time” to its employees. A four-hour shift might
High street retailer Argos today blamed a £25m slump in first half profits on the lingering effects of the recession, which it said had left its lower income shoppers with less money and less confidence to buy big ticket items like furniture.
