Home Retail's LFL sales still on the crest of a slump

Like-for-like (LFL) sales at Home Retail Group's struggling Argos chain have taken another tumble in 2012.

Like-for-like (LFL) sales at Home Retail Group's struggling Argos chain have taken another tumble in 2012.

The group said Argos's LFL sales in the eight weeks to February 25th were down 8.5% year-on-year (YOY). The Homebase part of the business fared a little better, but still saw LFL sales down 6.5% on a YOY basis.

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