Toy market news

Sainsbury’s results reveal steep drop in Argos sales, including toys

The results show that sales of toys, homeware and other non-food merchandise from Argos fell by 16% year-on-year. Although Sainsbury’s has raised its full-year profit guidance to “at least” £720m before tax, up from £660m thanks to sales of food and drink, sales of toys and tech at Argos saw a huge decrease. The retailer delivered strong Christmas results and growing market share, despite a fall in sales during the peak Christmas trading period.