Tag Archives: Sainsbury’s

Sainsbury’s to close 420 Argos stores amid plans to save £600 million by 2024

A total of 420 standalone Argos stores are to be closed by March 2024, the super market giant and owner of the Argos store brand, Sainsbury’s has confirmed, amid news that it is to cut 3,500 jobs across its portfolio. The retail giant’s boss Simon Roberts said that the move …

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Declining toy and gaming sales bring lower Christmas results for Sainsbury’s

Toy and gaming sales are in year on year decline at the grocery giant, Sainsbury’s, despite having seen Argos achieve its biggest Black Friday to date. The supermarket has cited record sales through mobile and via Argos Click and Collect throughout the Q4 2019 trading period, in which 32 million …

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Sainsbury’s will close 125 stores but open plenty more with Argos branch moves planned

Sainsbury’s may be closing 125 stores across its portfolio of supermarkets, convenience stores and Argos branches, but will be opening even more across new locations in which its presence will make ‘a larger impact on the firm’s operations.’ The grocer has said that it expects to close up to 15 …

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Sainsbury’s and Asda merger blocked by CMA

The Competition and Markets Authority, the UK’s competition watchdog, has blocked Sainsbury’s and Asda’s £10bn merger. The body blocked the move by the UK grocery giants after finding that it would lead to increased prices in stores, online and across petrol stations. The CMA said that it believed shoppers would …

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