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Laundry business boosts Photo-Me

Argos sales prompt new retail gloom

Catalogue chain Argos sparked more concerns over the retail economy today after reporting a slump in demand for consumer electronics.

The Business On... Rob Templeman, chairman-elect, British Retail Consortium

Isn't he busy with the day job?

Argos shuffles management at difficult time for the firm

Argos, the catalogue specialist owned by Home Retail Group, has been forced to reshuffle its top management team for the second time in just over a month.

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Stephen Foley: Disappointing Argos must take care of itself

Outlook With sales sliding at an annual rate of 5.6 per cent, and profits down for the third year in a row, Argos looks less like a business suffering the recessional blues, and more like a business in trouble.

Argos chief to step down

Argos's owner, Home Retail Group, posted a 13 per cent fall in annual profits yesterday and revealed that the head of its embattled catalogue chain was stepping down.

Profits blow for Argos owner

Argos owner Home Retail Group today said annual profits dropped 13% as it revealed the boss of its embattled catalogue chain was stepping down.

David Prosser: Home Retail Group not in play after all

Outlook Bad news for those hoping to see a takeover of Home Retail Group. The Independent's Investment Column suggested yesterday that gossip it might be about to get an offer was likely to prove wide of the mark – and so it is already proving.

Argos group blames profit alert on weak high street

Argos's owner, Home Retail Group, yesterday warned that sputtering consumer spending will leave the group's profits at the very bottom end of expectations for the year.

In pictures: The shop that time forgot

There's a shop in a small village in rural Scotland which still sells boxes of goods marked with pre-decimal prices which may well have been placed there 80 years ago.

What Next? Retailer to open garden centres in new stores

The rush by M&S and Next to open out-of-town shops shows a confidence in their brands

DIY chain Focus looks to sell off stores to raise funds

The private equity owner of Focus is sounding out other retailers about acquiring some of the DIY chain's shops, as it seeks an injection of funds to roll out its new store format.

Lighting: A bright new world of dazzling delights

Forget dull bulbs and blinding spotlights, there are plenty of clever ways to light upyour home in style. Caroline Kamp offers the essential guide to interiors illumination.

Argos's profits plunge by 32 per cent as boss warns about cutbacks

The chief executive of Home Retail warned the Government against making savage cuts to frontline services after lower-income customers reined in their spending at his Argos stores. Unveiling a 23 per cent fall in Home Retail's first-half profits, Terry Duddy said: "I think it is a good idea to pay back the deficit as fast as we can but I also think things need to be fair."

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