Argos sales beat expectations

Catalogue retail specialist Argos has posted sales figures above what most were expecting, stating that whilst the year ahead will be tough it expects to maintain a strong position on the High Street.

For the eight weeks until the end of 2008, Argos saw like-for-like sales decline 1.6 per cent. Like-for-like declines for its fiscal second half and full fiscal 2008 reached 6.2 per cent and 4.8 per cent respectively.

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