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On 5 November 2020, Sainsbury's announced that it would close 420 Argos standalone outlets by March 2024, leaving about 100; together with other measures, 3,500 Sainsbury's jobs were to be cut and £600 million saved. During 2020, 120 standalone Argos stores in the UK permanently closed.
GUS plc acquired Argos in April 1998, and combined it with its mail order business to form Argos Retail Group (ARG) in June 2000. [4] It went on to acquire Homebase for £900 million in November 2002, bringing it into ARG. [5] In June 2005, GUS bought thirty three stores of Index, which were subsequently converted to the format of Argos. [6]
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After the sale of a number of larger stores in 1992, all smaller store reverted to the Jacksons facia until the company was sold to Sainsbury in 2004. [103] The Jackson name was then retained under the 'Sainsbury's @ Jackson' fascia until they were rebranded Sainsbury's Local in 2007–8. [104] James Duckworth
Sainsbury's later took full control of the stores alone in 1989, rebranding them as Sainsbury's SavaCentre, until 2005 when the stores were integrated into the Sainsbury's supermarket brand. The hypermarket stores ranged in size from 66,000 sq ft (6,100 m 2 ) to 117,000 sq ft (10,900 m 2 ) and the discount supermarkets ranged in size from ...
From April 2015, Sainsbury's halved the number of points that customers earned for every pound, to one point per pound. [201] Sainsbury's previously operated Sainsbury's Reward Scheme between 1995 and 2002 where customers used 'Reward Cards' or 'Storecards' to earn and spend points in a similar way, but limited to Sainsbury's businesses. [202 ...
In April 2005, Sainsbury's acquired SL Shaw Ltd, a neighbourhood convenience shop operator with five shops in the south-east of England. After a programme of refurbishment, the five shops converted to the Sainsbury's Local format, combining Shaw's reputation and customer service with Sainsbury's expertise in fresh and convenience foods. [8]
The company started out as Universal Stores, a mail order business created by the Rose family. [3] In 1931, Isaac Wolfson joined the mail order company and would, through a series of takeovers, turn it into a retail, manufacturing and financial conglomerate, [4] [5] becoming Europe's biggest mail order firm [6] and with over 2,700 physical ...