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.
-
Jun- 2021 -2 June
Amazon to become UKโs largest retailer by 2025, study finds
Amazon is to overtake Tesco as the UKโs largest retailer within the next four years, with UK sales expected to reach ยฃ77.1bn by 2025, according to a report from Edge by Ascentialโs syndicated research arm, Edge Retail Insight. In 2020, Amazon UKโs total sales were ยฃ36.3bn, while Tescoโs sales were…
Read More » -
May- 2021 -26 MayHigh Street
700 Argos jobs at risk of โfire and rehireโ
Unite Union has revealed that 700 of its members who work at Argos, which is part of the Sainsburyโs group, are โunder threatโ of โfire and rehireโ as the company issues new contracts. Under the retailerโs plans, the affected workers will reportedly be required to pay increased pension contributions, lose…
Read More » -
6 MaySupermarkets
Sainsburyโs appoints Paula Nickolds as commercial director
Sainsburyโs has announced the appointment of Paula Nickolds as general merchandise and clothing commercial director at the group. Formerly a managing director at John Lewis, Nickolds will join the supermarket chain in June and act as a member of the firmโs operating board. In the role, Nickolds will be responsible…
Read More » -
Apr- 2021 -28 AprilSupermarkets
Sainsburyโs swings to ยฃ261m loss as Covid costs rise to ยฃ485m
Sainsburyโs has slumped to a pre-tax loss of ยฃ261m, down from a profit of ยฃ255m the year before, after it was hit by ยฃ485m in Covid-19 related costs during the full-year period ending 6 March 2021. Alongside the Covid-related costs, the group also attributed the loss to costs arising from…
Read More » -
21 AprilNews
Argos to close Somerset depot, 230 jobs at risk
Around 230 jobs are reportedly at risk following the planned closure of an Argos distribution site in Bridgewater, Somerset.ย A Sainsburyโs spokesperson told Retail Sector: โLast year we shared plans to accelerate the integration of the Sainsburyโs and Argos logistics networks and confirmed a number of our existing depots would…
Read More » -
15 AprilSupermarkets
Tesco adds independent non-executive directors to board
Tesco has announced that Thierry Garnier and Bertrand Bodson will join the board as independent non-executive directors with effect from 30 April and 1 June 2021, respectively. In addition, from those dates, Garnier will also join the remuneration committee whilst Bodson will join the corporate responsibility committee. Garnier has been…
Read More » -
Mar- 2021 -26 MarchHigh Street
Argos to provide ยฃ500,000 to customers, amid CMA warranty findings
Argos has announced it will provide over ยฃ500,000 to customers who may have missed out on a cheaper extended warranty deal. The retailer was recently investigated by the CMA and has agreed to fix the way it sells extended warranties to customers and provide a โgoodwill gestureโ to those who…
Read More » -
5 MarchSupermarkets
Co-op to hold โcrunch talksโ over relief repayment
The Co-operative Group will reportedly hold a โcrunchโ board meeting next week to discuss whether it will repay ยฃ80m in government support funding, according to Sky News.ย According to Sky, Co-op directors, alongside chairman Allan Leighton, will now meet next Tuesday to discuss whether the group will repay the funding…
Read More » -
1 MarchSupermarkets
Sainsburyโs hikes pay of frontline staff
Sainsburyโs has announced it is increasing the pay for its frontline employees this month, and is awarding them a third one-off payment in โspecial recognition of their incredible efforts to help to feed the nation through the pandemicโ.ย From March onwards, the hourly rate of pay for Sainsburyโs and Argos…
Read More » -
Feb- 2021 -18 FebruaryClothing & Shoes
Topshop collapse hits creditors with ยฃ176m loss
Topshop and Topman creditors are reportedly facing losses of ยฃ176m since the demise of Sir Phillip Greenโs Arcadia, according to The Telegraph. Suppliers from countries such as China and Turkey have been hit the hardest financially as the fashion empire gets wound up. In total, creditors are owed ยฃ219m but…
Read More »
