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To ensure this is possible, every member of the editorial staff follows a clear code of conduct. We also expect our journalists to follow clear ethical standards in their work. The scale of the problems facing non-food retailers was underlined today with grim Christmas sales figures from both the UK's biggest general retailer and the country's largest electricals chain. The group said that up to jobs could go as a result of reorganising its distribution system, while staff hours will be cut back in the stores.

The number of temporary staff taken on over Christmas was slashed from 20, to little more than 10, Duddy said: "Consumer spending was sharply reduced and our business has not been immune".

As a result, HRG's stores were forced to discount to pull in shoppers and respond to competitors' promotions. Argos also faced pressure as a result of Woolworths closing down and slashing the price of toys, he said. It is also refitting stores, with completed. However, Browett said the company had no intention of pulling out of either country, particularly Greece, where it is market leader. He added: "This performance was in line with our expectations when compared with particularly strong trading last year as a result of the World Cup and launch of the iPad.

Browett said the group remained cautious about the economic outlook but would continue with its cost-cutting programme and was on target to meet full-year expectations.