Argos fires up Sainsbury’s growth as shoppers seek fans and paddling pools
Hot weather lifts catalogue store as demand for shorts, swimsuits and premium food boosts supermarket
Sainsbury’s has recorded its strongest growth since last summer after its Argos chain recorded a big step up in sales as shoppers sought out paddling pools and fans during recent hot weather.
The retail group said Argos, its catalogue shop, was able to achieve growth of 4.4% in the three months to 21 June, up from 1.9% in the previous quarter. Comparable group sales, excluding fuel, rose 4.7% on a year earlier. Continue reading...
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