Home Retail sees Argos and Homebase struggling - UPDATE

Like-for-like (LFL) sales at Home Retail Group's struggling Argos chain have taken another tumble in 2012, but the group says its 2011/12 results should still be in line with expectations.

Like-for-like (LFL) sales at Home Retail Group's struggling Argos chain have taken another tumble in 2012, but the group says its 2011/12 results should still be in line with expectations.

Argos stores which have been open more than 12 months saw sales down 8.5% year-on-year in the eight weeks to February 25th, mainly because of weakness in the consumer electronics market.

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