Argos defection to Tech Data whips Ingram Micro's bottom... line

The loss of a retail supply contract with Argos helped push Ingram Micro’s European sales growth into the barrier’s during car crash Q1 financials. The US-headquartered tech distributor reported sales of $2.66bn on this side of the pond for the period ended 31 March. This was down 13.35 per cent year-on-year. Ingram is being …

[djstardust]

Hmmmm

Judging by those crappy touch screen terminals in the stores, Argos haven't spent any money on IT in a long long time.

[Mage]

Argos?

Their parent has just sold Homebase, so aren't Sainsbury or someone buying them.

Argos owner was formerly Great Universal Stores, 1920s to 1980s Catalogue seller. Maybe earlier for all I know.

[The Godfather]

Hard sell...

Unfortunately, despite perilously low margins in selling to such organisations, (sometimes at a loss), the volume is just impossible to ignore as rebates eke out another extra basis point or two for distributors; and they clearly cannot afford to lose this level of turnover.