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Argos sales slide triggers Home Retail Group profit warning

Discussion in 'Market News' started by Lily, Oct 21, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Uncertainty over impact of Black Friday has prompted concerns over Christmas trading, says chief executive

    Home Retail Group shares have tumbled 13% after the owner of Argos and Homebase issued the first pre-Christmas profit warning by a major UK retailer.

    Home Retail’s chief executive, John Walden, said it was proving difficult to predict Christmas trading at Argos because of the uncertain impact of Black Friday, the 24-hour sales bonanza that takes place at the end of November that has become a fixture of the British retail calendar since it was brought over from the US.

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