Argos reports growth as Sainsbury’s sales fall

Published on: March 16th, 2017

Argos-480Underlying sales have fallen at Sainsbury’s in the first nine weeks of the year, however Argos has reported strong growth.

The supermarket’s like-for-like sales fell by 0.5% in the period to 11 March. During the same period Argos like-for-like sales rose by 4.3%, resulting in a 0.3% increase across the Sainsbury’s group as a whole.

Mike Coupe, chief executive, commented: “We are pleased with this performance and are making good progress against our key priorities. We are investing in digital to deliver excellent service and availability, with enhancements to the Argos website and app. Online participation is growing, driven by mobile and Fast Track delivery and customers are responding well to new ranges. The market remains very competitive and the impact of cost price pressures remains uncertain. However, we are well placed to navigate the external environment and remain focused on delivering our strategy.”

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