Sainsburys supermarket Argos combined signage at 100 Church St, Warrington, Cheshire, England, UK, WA1 2TN
Argos Limited, trading as Argos, is a British catalogue retailer operating in Great Britain and formerly in Ireland, acquired by Sainsbury's supermarket chain in 2016. It was established in November 1972 and is named after the Greek city of Argos. The company trades both through physical shops and online, with 29 million yearly shop customers, and nearly a billion online visitors per annum. It has also franchised overseas to countries such as China In April 2016, Argos' parent Home Retail Group agreed to a £ billion takeover by Sainsbury's, following a bidding war between the supermarket chain and South African conglomerate Steinhoff International.[11] The acquisition was completed on 2 September 2016. A large number of high street and retail park shops were closed, replaced by an Argos outlet in a nearby Sainsbury's shop. When Sainsbury's announced in 2020 the closure of most Argos outlets, it was commented that the closure was an admission that its purchase of Argos had been a mistake; "Sainsbury's management clearly did not know how to run Argos and the plan to transplant into spare store space has not worked. ... Argos and Sainsbury's appealed to very different customer segments with little overlap." In July 2020, Argos announced that it would be discontinuing production of its printed catalogue after 47 years. On 5 November 2020, Sainsbury's announced that it would close 420 Argos standalone outlets by March 2024, leaving about 100; with other measures 3,500 Sainsbury's jobs were to be cut and £600m saved. 120 standalone Argos stores permanently closed and moved into the nearest Sainsbury's store. The measures were reported to be due to changing consumer habits and the growth of online shopping
Size: 5264px × 3376px
Location: 100 Church St, Warrington, Cheshire, England, UK, WA1 2TN
Photo credit: © Tony Smith / Alamy / Afripics
License: Licensed
Model Released: No
Keywords: 100, 2tn, @hotpixuk, acquisition, argos, branch, brand, brands, british, building, business, centre, chain, cheshire, church, combined, england, entrance, exterior, gotonysmith, hotpixuk, logo, logos, merge, merger, retail, retailer, sainsbury, sainsburys, shop, shopping, side, sign, signage, signs, store, street, supermarket, supermarkets, superstore, takeover, takeovers, town, uk, urban, wa1, warrington
