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Sainsbury’s sales drop but Argos improves

Sainsbury’s has blamed “very competitive” trading conditions, and warned of continuing uncertainty because of the weak pound – as it revealed falling supermarket sales.

But sales at Argos – which Sainsbury’s bought last year as part of its £1.4bn purchase of Home Retail Group – have improved.

Ian King spoke to John Rogers, Sainsbury’s former finance director who became Argos chief executive following the acquisition in September.

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About News Desk

News Desk
Editors and staff from the News Desk at The Global Herald.

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