In April 2016, Argos’ parent Home Retail Group agreed to a £1.4 billion takeover by Sainsbury’s, following a bidding war between the supermarket chain and South African conglomerate Steinhoff International. The acquisition was completed on 2 September 2016.
Why did Argos move to Sainsburys?
“To make shopping convenient for customers and to enable us to invest where it matters most to customers we are relocating many of our Argos standalone stores to Sainsbury’s. “This includes our Argos Wheatley Hall Retail Centre store.
Who owned Argos?
GUS plc acquired Argos in April 1998, and combined it with its mail order business to form Argos Retail Group (ARG) in June 2000. It went on to acquire Homebase for £900 million in November 2002, bringing it into ARG.
When did Argos move to Sainsburys?
“It’s amazing to see how far we’ve come from the opening of our first Argos store inside a Sainsbury’s in 2015 and we know our customers have enjoyed the added flexibility and convenience offered by these stores ever since.”
Which supermarket chain owns Argos?
Sainsbury’s
British catalogue retailer Argos’ parent company Home Retail Group was taken over by supermarket chain Sainsbury’s in April 2016.
Number of Argos stores in the United Kingdom (UK) from fiscal year 2011 to 2022.
| Characteristic | Number of stores |
|---|---|
| – | – |
Why is Argos shutting down?
Argos has made the decision to close the majority of its UK stores as a result of the coronavirus pandemic. All of Argos’ standalone stores have now shut their doors, but its stores inside Sainsbury’s supermarkets remain open.
What was Argos called before Argos?
Green Shield Stamps
He came up with the idea that people could purchase goods from his “Green Shield Gift House” with cash rather than savings stamps. He rebranded the original Green Shield Stamps catalogue shops as Argos beginning in July 1973, the first purpose-built shop opening on the A28 Sturry Road, Canterbury in late 1973.
What does the name Argos mean?
In Greek Baby Names the meaning of the name Argos is: All seeing.
What does Argos stand for?
Meaning. ARGOS. Advanced Research and Global Observation Satellite. ARGOS. Advanced Rocketry Group of Switzerland.
Who was Argos rival?
Argos and Sparta Were Rivals
Since Argos was strong, and had such a strategic position, Sparta became one of its most formidable rivals.
What did Sainsburys used to be called?
In 1922, J Sainsbury was incorporated as the private company ‘J. Sainsbury Limited‘. Groceries were introduced in 1903, when John James purchased a grocer’s branch at 12 Kingsland High Street, Dalston. Every shop offered home delivery, as there were fewer cars in those days.
Does Argos own Amazon?
Argos is domiciled in the UK, and pays its taxes here, although, in reality, it does not add up to hugely more than Amazon. It is owned by Home Retail Group (which also operates Homebase) and recorded total sales of £5.7bn in its last financial year. Profit was £129.3m, on which it paid tax of £29.3m.
Are Argos and Currys the same company?
DSG International, which owns Currys and PC World, and Home Retail Group, which owns Argos and Homebase, both reported falls in sales for the three months to January 10. DSG has reported a 10% fall in like-for-like in sales for the three months to January 10, despite a 2% increase after New Year.
How much did Sainsburys buy Argos for?
Sainsbury’s strikes £1.3bn Argos buyout
The bid was to value the company at between £1.3bn and £1.5bn. This morning, sources revealed that the terms of a deal had been struck for a deal that values the company at a little more than £1.3bn.
Are all Argos stores closing?
Sainsbury’s is to cut 3,500 jobs with the closure of 420 Argos outlets and all its meat, fish and deli counters. The 420 standalone Argos stores will close by March 2024, although Sainsbury’s said it would open 150 Argos outlets in its supermarkets.
Does Asda own Argos?
Sainsbury’s took over Argos in 2016, and customers can spend their loyalty points in both stores. Some Argos stores are even inside Sainsbury’s superstores. Thomas Brereton from Global Data reckons that all of Asda’s 600 stores have the potential house an Argos.
What is Argos called now?
The retailer was snapped up by the retail conglomerate GUS in 1998. GUS became Home Retail Group, which still owns Argos and Homebase today, after breaking off Burberry, Experian, and the Great Universal Stores catalogue from which the group took its name.
Why did Argos stopped doing Catalogues?
“We’re seeing an increasing shift towards digital shopping, using our mobile app, website and in-store browsers. “Closing the book on the catalogue will help us focus on delivering exciting and inspiring digital shopping experiences to meet the changing needs of our customers, both in-store and online.”
Did Argos used to sell clothes?
Argos already sells a few clothing brands, including a girlswear range backed by the former Spice Girl Emma Bunton, but it has only dabbled in selling clothing since selling off its Additions clothing catalogue to Littlewoods in 2003.
Who killed Argos?
To free Io, Zeus had Argus slain by Hermes. The messenger of the Olympian gods, disguised as a shepherd, first put all of Argus’ eyes asleep with spoken charms, then slew him by hitting him with a stone, the first stain of bloodshed among the new generation of gods.
Who destroyed Argos?
During the German occupation, Argos airport was frequently attacked by Allied forces. One of the raids was so large that it resulted in the bombing of the city on October 14, 1943, with the casualties of about 100 dead Argives and several casualties, and 75 of the Germans.