Summary
Catalogue retailing group GUS yesterday reported a sharp slowdown in growth over Christmas as competition intensified and UK retail demand waned. Like-for-like sales at Argos rose just 1% in the 15 weeks to January 8 - down from 7% in the first half of its financial year.
GUS reported difficult markets for jewellery and toys, which contribute twice as many sales in the Christmas period compared with the rest of the year.See the full content of this document
Extract
Gus Sees Sales Rise Despite Retail Sector Slowdown
But strong performances from consumer electronics, white goods, mobile phones, lei...
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