Argos Catalogue Clearance

cazzybabe

Just had an email sent from Argos with clearance sale items. Sorry but i'm not sure how to link to the relevant site?!?

Hope this thread will be of some use to someone, this is my first thread so i do apologise if its not done correctly or has already been covered.

Nightlight

http://www.argos.co.uk/webapp/wcs/stores/servlet/ArgosPromoViewSix?langId=-1&storeId=10001&pageName=ROJune05&tag=HP1_5

Don't know if this helps anyone!

seaniboy

lol me too, they must be getting desperate, valid until 31/7 then 31/8 and now they are pratically begging customer's "please buy our RO stock we have a share price to perk up"
well us savvy mse'rs would do so if the price wos right, but no after last year Argos got greedy with thier reductions

rchddap1

I had a quick look, but nothing looks really tempting. The prices are still way too high in my opinion for these items on their site.

heathen

seaniboy wrote:

lol me too, they must be getting desperate, valid until 31/7 then 31/8 and now they are pratically begging customer's "please buy our RO stock we have a share price to perk up"
well us savvy mse'rs would do so if the price wos right, but no after last year Argos got greedy with thier reductions

yep,were waiting for the 75% off like last year:D roll on october.


ian

mhendo

You have got no chance of that happening. I don't think they will be doing 75% off ever again, not with all the problems they had....

Plus they are trying to save money at the moment.......

Ally

heathen wrote:

yep,were waiting for the 75% off like last year:D roll on october.


ian

ohh i remember them good old days ... got a beauty of a ring 18ct diamond and sapphire for 25 quid :rotfl: reduced from £200 :j I was one of the lucky ones there:D

Dark_Forces

I do not think they are desperate as in wanting to make money or perk up share prices. The problem is that as the have lots ot items which are RO, they do not have the space to accomodate it. Most of the stuff that is RO will end up taking up space in the stockrooms which decreases space for the new lines.

Plus if the manufacterer will not take them back the items will be depreciating anyway so there is just no use for it.
Now as to why they can't tell people what items are on RO is because each store only has a little of the items left and these can be few and far between so it would not be viable to advertise it. Therefore they try and sell it by putting RO stock on display and try to sell them.

Hope this helps.

seaniboy

mhendo wrote:

You have got no chance of that happening. I don't think they will be doing 75% off ever again, not with all the problems they had....

Plus they are trying to save money at the moment.......

Shareholders in GUS may be rather bewildered by the fact that when the group announced final results in May ahead of the market's expectations, the shares fell. But, when the company reported poor first quarter sales today, the shares rose.
[font=Verdana, Arial, Helvetica, sans-serif][font=Verdana, Arial, Helvetica, sans-serif]The answer is simply that, on both occasions, the big investors were focusing on other things. In May they were disappointed that GUS did not give a clear timetable for the sale of Burberry and the demerger of Argos and Homebase.[/font][/font]

[font=Verdana, Arial, Helvetica, sans-serif][font=Verdana, Arial, Helvetica, sans-serif]Today they were more clear on those issues and were relieved that the trading figures were not worse than they were.[/font][/font]

[font=Verdana, Arial, Helvetica, sans-serif][font=Verdana, Arial, Helvetica, sans-serif]But that's not to say that they weren't very poor. In the fourth quarter of last year Argos reported its first fall in like-for-like sales for six years, a decline of 1%.[/font][/font]

[font=Verdana, Arial, Helvetica, sans-serif][/font]
[font=Verdana, Arial, Helvetica, sans-serif][font=Verdana, Arial, Helvetica, sans-serif]Today that decline accelerated to 4% in the first three months to June. The DIY chain Homebase fared little better. For some bizarre reason its year end is February, compared with March for the rest of the group, and in the first four months of the year it saw its like-for-like sales fall 2%, the same as the previous quarter.[/font][/font]

[font=Verdana, Arial, Helvetica, sans-serif][font=Verdana, Arial, Helvetica, sans-serif]The company tried desperately to put a good spin on this by declaring that both Argos and Homebase had "outperformed their markets", but there was no escaping the sense of retail gloom as finance director David Tyler predicted that the "challenging" trading conditions would continue until next year[/font][/font]

[font=Verdana, Arial, Helvetica, sans-serif][font=Verdana, Arial, Helvetica, sans-serif]This is serious for GUS because Argos and Homebase generate 70% of its sales and 44% of its profits. [/font][/font]

[font=Verdana, Arial, Helvetica, sans-serif][font=Verdana, Arial, Helvetica, sans-serif]One bright spot for the company today was the performance of its Experian credit rating business, especially in North America. Sales at constant exchange rates rose 27%, of which 13% was organic and 14% came from acquisitions. [/font][/font]

[font=Verdana, Arial, Helvetica, sans-serif][font=Verdana, Arial, Helvetica, sans-serif]Across the pond sales rose 33% and the international operation saw its sales rise 21%. Experian doesn't really fit in with the rest of GUS's retail businesses so there has been much speculation that it might be sold off. Some analysts value it at £5bn.[/font][/font]

[font=Verdana, Arial, Helvetica, sans-serif][font=Verdana, Arial, Helvetica, sans-serif]Burberry has also defied the retail misery recently. Last week it said that its first quarter sales rose 9% at constant exchange rates. GUS today announced that it will sell its 66% holding in December and it is expected to fetch between £1.5bn and £2bn.[/font][/font]

[font=Verdana, Arial, Helvetica, sans-serif]Analyst Richard Ratner at Seymour Pierce remains upbeat on the shares, saying that they are far from expensive on fundamentals. He still considers them a buy. The prospective dividend yield of 3.75% is nice, but the forward PER of 13.3 is not especially cheap. [/font]

[font=Verdana, Arial, Helvetica, sans-serif]The shares have moved up today more on speculation as to what price Burberry and Experian may get when they are sold. That is very much a guessing game and we think the old "A bird in the hand..." saying comes into play here. Take profits.[/font]

backformore

if they have to get rid of it, they will reduce it.

at the end of the day keeping old stock like that costs money. because it is preventing you from holding newer more profitable lines

Jon_C

Argos are indeed a bit desperate to increase profits and save money wherever they can at the moment. GUS has taken over Index and staff are having their hours cut big-time - in some Argos shops all but the store manager and stock room manager have had their work cut from full-time to just 15 hours a week.

It's a cheap and sneaky way to get rid of staff without having to make redundancy payouts. The company knows few staff will stay on such few hours so they'll just leave to find jobs elsewhere.

Oh and what's your source, please, Sean? Bit naughty to cut and paste an article wholesale like that otherwise. ;-)