Argos sees sales decline slow

Argos has again seen sales drop, but the rate of decline has slowed.

Sales were 10.5% lower in the 16 weeks to 25 June and 4.5% lower than in 2019/2020.

Sainsbury’s says it is ‘maintaining the improved trend against pre-pandemic levels seen in Q4 21/22 and reflecting improved availability. In line with our plan to reduce costs and improve convenience, we closed six Argos standalone stores and opened five Argos stores inside Sainsbury’s supermarkets, bringing the total to 405 stores inside supermarkets.’

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