Essential reading for retailers and suppliers in the home improvement market

Hundreds of Argos stores and jobs could vanish under Sainsbury's

Published: 21 March 2016
More than 300 Argos stores could be in danger of closing should Sainsbury's £1.4bn bid for the retailer go through, according to reports.
Hundreds of Argos stores and jobs could vanish under Sainsbury's
Sainsbury's chief executive said on Friday that less than 200 stores were earmarked for closure, but according to analysts at French bank BNP Paribas, the number is more likely to reach 330.

It is thought the closed stores would be replaced by concessions in Sainsbury's stores.

The closures could threaten scores of jobs at Argos, which currently employs more than 30,000 people. Speaking on Friday, bosses at the supermarket chain explained their intentions for a world-leading, multi-channel proposition to rival John Lewis and Amazon.


(Your email address will not be published)
Already Registered?
Sign In
Not Yet Registered?
Printable View E-mail Bookmark

What do you think?

As the Brexit saga continues, what do you want the Government to do?

Latest reader comments

re: Rosebourne completes purchase of Wyevale centre

Patricia Mills
Do you still have a cafe or restaurant, as I was going to brjng some elderly ladies for lunch and a browse around shops and garden centre. ...

re: Women line up for B&Q DIY classes

Tara Boolakee
HelloJust wanted to ask whether you still provide DIY classes anywhere near around Brentford TW8 .Thanks TaraQSCA...

re: New B&Q trade discount card offers up to 25% discount
Don't bother responding to an 11 year old post; get off your b*m and visit local store....

re: IKEA rival to open 15 stores in Ireland
Seems to be vast over provision of stores for size of market!...

re: JML appoints new board member

Stupid to respond to 7 year old story, expecting response! Never heard of Google?Staff will likely have moved on....