Argos outperformed expectations by posting a decline in
like-for-like sales of only 1.6 per cent for the eight weeks to
28th February. Analysts had expected a decline in sales of
roughly 7.5 per cent, in keeping with the cataloguer/retailer’s
7.5 per cent decline in sales for the 18 weeks ended 8th
January. Sister company Homebase, however, saw sales
drop by 10.2 per cent. And parent company Home Retail
Group warned that the fiscal year would be an
“extremely challenging” one.
Retail holding company Baugur Group has finally filed
for bankruptcy in its native Iceland. Its UK assets include
stakes in department store chain House of Fraser and toys
Financial Times looks at how
country-lifestyle cataloguer Wiggly Wigglers has
benefited from social networking and other elements of web 2.0.
“Digitally printed, personalised mailings have come out
on top against their litho-printed equivalent in a scheme run by
mail order clothing specialist Boden to test which
campaign gave better response rates,” reports PrintWeek.