Tag Archives: argos

Mass market retailer Argos has told MCV why it has withdrawn from the second-hand games market. In a statement sent to us this morning, the company said: "Since Argos’ video games trade-in service launched on a trial basis last year, it has not met business expectations and consequently, Argos has …

Generalist retailer Argos has ceased offering second-hand video games. MCV understands this extends to Argos’ bricks-and-mortar outlets, with all stores instructed to stop accepting or selling pre-owned video games. The company’s website previously allowed customers to check how much credit they would receive for selected titles, but now states: "We …

Home Retail Group, the owning company of catalogue chain Argos, has reported a shocking set of numbers in its half-year financial report. Profits for the period collapsed by 71 per cent to 29.4m. Though the performance of another of its brands, Homebase, was described a robust” Argos itself was said …

MCV’s annual High Street directory provides an overview of every buying team for each key UK video games retailer, as well as up-to-date store counts, company profiles and contact details. Game and Gamestation The UK’s leading specialist games retailer has had a tough year, with sales falling by 9.8 per …

Games products have made their way onto Argos’ brand new TV channel. The 24-hour retail service went live on June 15th on Sky channel 642 and at www.argos.co.uk/tv. A range of Argos’ 40,000 products will be presented on the show including games. Viewers can either buy online, over the phone …

Amazon UK and Argos have stayed at last year’s number one and two spots respectively, while Tesco has knocked Play.com off the number three spot, moving it down one place to number four. Experian said that one of the fast moving sectors were department stores and John Lewis was one …

Argos’ parent company Home Retail Group has reported a drop in full year profits. The firm has cited the tough retail conditions and a decline in gaming as reasons for the drop. Sales are down three per cent to 5,852 million and its profits are down 13 per cent to …

Catalogue retailer Argos will launch a TV shopping channel this summer. It marks the retailer’s attempts to grow its multi-channel strategy following a difficult period for the firm. Parent company Home Retail Group issued a profit warning yesterday. The channel will be available over Sky initially, and the production will …

The Home Retail Group has warned its profits won’t reach its previous estimates. The firm said its pre-tax profits for its financial year will be between 250m and 255m, down from its 263 to 293m forecast. The ‘weak’ video game market and ‘challenging’ audio sector have been blamed for the …

Argos has posted a 4.9 per cent like-for-like drop in sales to 1,861m from August 29th, 2010 to January 1, 2011. The catalogue retailer’s parent Home Retail Group again cited video games as the most challenging category, echoing its financial statement made last September. A statement read: In difficult markets, …