Argos scraps TV shopping channel, exits China - ToyNews

Argos scraps TV shopping channel, exits China

The channel launched in June 2011, while Chinese operations only began four months ago.
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Argos has announced plans to close its TV shopping channel.

On a separate note, the retailer has also pulled out of China.

Its TV shopping channel launched in June 2011 on BSkyB and showcased over 1,000 products a week, reports The Retail Bulletin.

A spokesperson said: "As Argos works towards delivering its ambition to become a digital retail leader, the business has to focus its resources on priority programmes to deliver the key milestones announced to the City in October 2012.

"Through the process, the future of the Argos TV trials has been assessed and the proposal is to cease operations. This has been a difficult decision to make, since Argos TV has been performing well both for customers and financially. However, we do have to make tough decision to ensure our resources are focused on what will make the biggest difference to our newly announced strategy."

Additionally, The Times has reported that Argos is closing its China business four months after it began trading in the territory, as covered by Retail Week.

An Argos spokesman said: “Following a strategic review of the investment required to further develop the Chinese business, alongside the requirements to deliver the Argos Transformation programme, we are, with our joint venture partner, proposing to close the Chinese business.

“This has been a difficult decision to make for both parties, since the China operation had only recently started trading. 

“The existing retail operations will be wound down as efficiently as possible. At some point in the future, the Chinese retail market may still present an attractive long-term growth opportunity for the Argos model.

“We will endeavour to find colleagues affected, alternative roles back within the Home Retail Group businesses in the UK.”

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