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The Guardian - UK
The Guardian - UK
Business
Sarah Butler

Sainsbury’s blames ‘significant headwinds’ for drop in Argos sales at Christmas

Argos Sainsbury
A Sainsbury's and Argos supermarket
The poor performance at Argos is likely to fuel speculation that Sainsbury’s will aim to offload it. Photograph: Stan Pritchard/Alamy

Sainsbury’s has blamed “significant headwinds” from weak consumer confidence, heavy online competition and widespread discounting for a fall in sales at its Argos chain over the all-important Christmas quarter.

The UK’s second-largest grocer said its supermarkets increased sales by 3.4% at established stores in the three months to 3 January but Argos sales fell 1% in the period.

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