Argos sales slip in Q2

Retailing group GUS today announced sales at Argos have gone into reverse after shoppers turned their backs on goods such as garden furniture and jewellery.

Like-for-like sales at Argos fell 4% in the three months to June 30 as the catalogue retailer was hit by the slowdown in spending by UK consumers, while DIY chain Homebase suffered a 2% sales fall.