Sales slide at Currys and Argos

When I read this article, it really does real like the downturn is having a major effect. You would expect a lot of small retail shops to close and the odd big one like Woolworth, but here we are facing the end of Argos, Currys and PC world - so all those out of town retail parks will soon be very empty.

The article

Sales at several of Britain's top retail chains have fallen markedly as a result of the economic slowdown.

DSG International, which owns Currys and PC World, said like-for-like sales - which ignore new stores - had dropped 10% in the three months to 10 January.

Home Retail Group said like-for-like sales at its Argos chain had fallen 7.5% in the 18 weeks to 3 January.

DIY chain Homebase, which is also owned by Home Retail Group, saw like-for-like sales in the same period drop 10.2%.

Many retailers are struggling as consumers cut back on spending amid rising jobless figures, falling house prices and recession worries.

read more sourced from the BBC