Digital revamp pays off for Argos

Catalogue chain Argos returned to profits growth today after an “encouraging” year in which more than half its sales were generated online.

A digital push at the high street business helped Argos deliver a 6% increase in underlying operating profits to £100.3 m (€118.6m) in sharp contrast to the near 60% plunge the previous year, after its first rise in like-for-like sales for five years.