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However like-for-like sales down 4.8 per cent

Argos sales beat expectations

Catalogue retail specialist Argos has posted sales figures above what most were expecting, stating that whilst the year ahead will be tough it expects to maintain a strong position on the High Street.

For the eight weeks until the end of 2008, Argos saw like-for-like sales decline 1.6 per cent. Like-for-like declines for its fiscal second half and full fiscal 2008 reached 6.2 per cent and 4.8 per cent respectively.

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