Argos
This coverage examines Argosโs operations and strategy within the UK retail sector, focusing on store performance, catalogue and online business, distribution logistics, product assortment, and leadership decisions. Reporting highlights how Argos navigates omnichannel retail, evolving consumer habits, and competitive pressures โ offering insight for executives, managers, and professionals in home goods, general merchandise, and multichannel retail operations.
-
Apr- 2023 -27 AprilSupermarkets
Sainsburyโs posts fall in profits amid consumer cost measures
Sainsbury’s has seen its statutory pre-tax profits drop 62% to ยฃ327m, down from ยฃ854m the previous year, during the 52-week period ended 4 March. The supermarket giant attributed the decrease to the more than ยฃ560m it spent on ensuring prices for consumers remained as low as possible. However, group revenues…
Read More » -
13 AprilSupermarkets
Sainsburyโs to restructure logistics operations
Sainsburyโs has announced that a major restructuring of its logistics operations will affect almost 7,000 staff throughout the UK.ย According to the retailer, no one will lose their job or get moved to other contractual terms, as the logistics shake-up only means that service and availability will be made better…
Read More » -
Mar- 2023 -27 MarchFeatures
Itโs always someoneโs birthday: gift cards remain evergreen
Inflation and rising living costs have turned consumers into paranoid penny-pinchers, who are cautiously awaiting the next fiscal catastrophe to empty their wallets once again. According to Barclays, nearly six in 10 Brits are actively curbing their discretionary purchases, which has led to just a 5.5% uplift in year-on-year spending…
Read More » -
1 MarchSupermarkets
Sainsburyโs to shut two Argos depots by 2026
Sainsburyโs has announced its plans to close two Argos depots in Basildon, Essex, and Heywood, Manchester, by 2026, which will impact a total of 1,400 jobs.ย The news comes as the supermarket chain plans to further โintegrate and transformโ its general merchandise logistics network in England with an investment of…
Read More » -
Feb- 2023 -22 FebruaryPeople Moves
Original Factory Shop offers interviews to laid off Wilko staff
The Original Factory Shop has announced that it will guarantee an interview to anyone who is at risk of or has been laid off by Wilko or New Look. It has also offered guaranteed interviews to people who have been affected by redundancies at Argos, B&Q, M&Co, Paperchase and TK…
Read More » -
Jan- 2023 -20 JanuaryHigh Street
Argos to close all Irish operations
Argos has announced that it will shut all of its 34 stores in the Republic of Ireland at the end of June in 2023. The company, owned by Sainsburyโs, has said its operations in Northern Ireland, or the rest of the UK, will not be affected by the decision. It…
Read More » -
11 JanuarySupermarkets
Sainsbury’s raises profit outlook as sales jump 7.1%
Sainsburyโs has revealed that its total sales jumped 7.1% in the six weeks to January 6, boosting its Q3 like-for-like sales performance 5.9%. General merchandise sales jumped to 7.4%, with Argos sales 7.1% up and clothing sales growing 5.1%. As a result, the grocer also revealed that profits are expected…
Read More » -
6 JanuaryHigh Street
LCP Group acquires Gateway Retail Park
The LCP Group has announced it has acquired a Gateway Retail Park in Harwich, Essex โ marking more than 20 retail acquisitions in 12 months. The group, which is part of M Core, the acquisitive commercial property collective that has invested more than ยฃ160m over 12 months in retail assets,…
Read More » -
Dec- 2022 -20 DecemberSupermarkets
Sainsburyโs to hire 18,000 seasonal workersย
Sainsburyโs is hiring for 18,000 additional roles over the Christmas period to help meet extra demand over the peak season, with 15,000 roles created at Sainsburyโs, 2,000 roles at Argos and 1,000 in logistics. The temporary workers will help to serve customers, keep shelves stocked and pick, pack and deliver…
Read More » -
Nov- 2022 -3 NovemberSupermarkets
Sainsburyโs profits fall 8% in H1 after investment to tackle cost-of-living crisis
Sainsburyโs has revealed its underlying profit before tax was ยฃ340m for the 28 weeks ended 17 September, down 8% after investing in keeping prices low amid record inflation rates and staff wage increases. Grocery sales were up 0.2% in H1, driven by strong growth in Q2 of 3.8% as lockdown…
Read More »
