News roundup–Argos, DSGi, Mothercare, and more


  • With sales of £1.92 billion for the 18 weeks to 2nd
    January, Argos outperformed expectations,
    according to a statement from parent company Home Retail
    Group
    . Total sales were up 3.9 percent compared with the
    previous year, while like-for-likes rose a scant 0.1 percent. The
    web accounted for 35 percent of sales, up from 30 percent a year
    ago. Total sales at sister company Homebase rose
    4.6 percent for the same period, to £501 million, with
    like-for-likes up 4.0 percent. All told, Home Retail expects
    benchmark profit before tax for the fiscal year to exceed the
    market consensus of £265 million by about £20
    million.

  • Total sales at DSG International for the 12
    weeks to 9th January were up 11 percent from the previous year,
    with like-for-likes up 8 percent. The City had expected an
    increase of just 3 percent. Sales within the UK computing
    division, which includes PC World, were down 8
    percent. But within the UK and Ireland electricals group, which
    includes Currys and Dixons,
    sales rose 8 percent. Overall like-for-like web sales increased
    15 percent.

  • Direct sales at Mothercare, which includes
    Early Learning Centre, for the 13 weeks to 8th
    January were up 19.5 percent from the previous year. Total sales
    were up 4.6 percent, with UK like-for-likes up 4.2 percent.

  • Congrats to John Lewis: The department store
    chain was voted the UK’s favourite retailer in a survey of 6,000
    shoppers conducted by consultancy Verdict, reports the
    Telegraph
    . Online-only behemoth Amazon
    came in second place, followed by fellow multicategory etailer
    Play.com, home decor retailer Dunelm
    Mill
    , and Marks & Spencer.

  • The Telegraph has an article about fashion
    brands’ use of smart-phone apps. Net-a-Porter,
    which has an app, and My-wardrobe.com, which
    doesn’t yet, are among the brands featured.

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