Argos Q2 Total Sales Rise 1%

Home Retail HMRTY reported a 1.4% increase in Q2 sales at its Argos stores. Like for like sales at Argos stores surged 1.4% in the period. Total sales at Argos stores rose 1% to 867 million pounds ($1.40 billion) in the period. Like-for-like sales at Homebase declined 3.7%, while total sales dropped 3.9% to 366 million pounds. Home Retail shares gained 1.96% to close at $6.24 yesterday.