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With like-for-like sales down 8.8% and with a operating profit of just 0.2%, Argos and its parent Home Retail Group (HOME.L), is clearly in trouble in a falling economy.
Prabhu Consulting has analysed the situation using publicly available data and have come up with the following recommendations to improve margins and realise growth from the turn-around.
Exiting certain markets
Expanding on certain areas