Profits fall for Argos owner Home Retail

The owner of catalogue chain Argos today said it was approaching the key Christmas trading period cautiously after posting a slide in profits.

Profits fall for Argos owner Home Retail
Wed, 20 Oct, 2010 - 11:24

The owner of catalogue chain Argos today said it was approaching the key Christmas trading period cautiously after posting a slide in profits.

Home Retail Group reported an 11% drop in pre-tax profits to £103m (€117m) in the 26 weeks to August 28, after a slight fall in sales to £2.7bn (€3.07bn).

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