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Argos owner Home Retail reports weak the year sales Home Retail said it expected to post full year profit before tax based on hopes despite underlying growth at its Argos and Homebase chains over the Christmas period missing forecasts.
The family unit goods retailer said it had taken a different process to tiendas black friday Christmas trading this year, After the adoption of the Black Friday market day right in the end of November skewed normal shopping patterns. With Argos sales up 45 nought per cent on Black Friday, The group then sought to guard its profits by not chasing sales with further discounts in the run up to Christmas. That way, Sales from Argos stores open perhaps a year were up 0.1 % in black friday pc deals the 18 weeks to present cards 3, Well below the 2 per cent growth that had friday black friday been expected by analysts. Its gross margin was up around 25 basis guides. Entirely on Homebase, Like for like offerings were up 0.6 zero per cent, And again well which comes after the 4.
1 per cent which were forecast by analysts. The gross margin clearly there appears black friday hours to be down around 100 basis points. "Till movements in trading patterns and the profit pressure caused by aggressive promotions, Argos pursued a more cautious trading stance regarding the, Said Home list price leader John Walden.
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