Sales dip at Argos but owner on track for multimillion profit

Homebase said it was on track to report profit before tax of £93 million

13th March, 2016
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Argos has been the subject of recent takeover speculation

Argos, which has been the subject of takeover bids recently, has reported a 2.6 per cent dip in like-for-like sales for the year to the end of February. Home Retail Group, the company that owns Argos and recently sold Homebase, said it was on track to report profit before tax of £93 million.

“I am pleased with the continued improvement in Argos’ sales performance in the period, together with the continued progress in the Argos Transformation...

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