Uncertainty over prospects for supposedly profit-defining Black Friday has prompted concerns approximately Christmas trading,says chief executiveHome Retail Group shares dived more than 16% on Wednesday, wiping £200m off the value of the owner of Argos and Homebase, and after it issued a pre-Christmas profit warning.
The retailer said annual profits were likely to be poorer than expected as it had ploughed millions of pounds into a multimedia advertising campaign and taken on hundreds more vans to back a current delivery service before Black Friday,which falls on 27 November this year, but could not be sure how shoppers would respond. Continue reading...
Source: theguardian.com