Tablets are great cure for Argos
economy: Catalogue chain Argos has reported a return to sales growth as demand for tablet devices such as iPads and Kindles offset declining interest in video games and MP3 players.
Argos parent Home Retail Group said the continued improvement in consumer electronics resulted in like-for-like sales growth of 1.4 per cent in the 13 weeks to September 1, following a 0.2 per cent drop in the first quarter.
However, same-store sales at Home Retail's Homebase chain continued to fall in the second quarter, by 3.7 per cent, as weather dampened demand for seasonal products, although the figure was better than the 8.3 per cent decline in the previous three-month period.
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