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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.
Sainsbury's submitted a revised offer of £1.3 billion on 2 February 2016, with a deadline of 23 February to make a firm bid. [14] Steinhoff International submitted a rival bid of £1.4 billion on 19 February. [15] Steinhoff abandoned its bid on 18 March 2016, while Sainsbury's submitted a formal bid of £1.4 billion. [16]
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[2] [3] Coupe joined Sainsbury's in 2004. [3] In 2010, he became responsible for the marketing, trading and online operations of the company. [3] In January 2014, Sainsbury's then CEO Justin King announced Coupe as his successor, after stating that he would be leaving the role in June 2014. [4] [3]
Sainsbury's will begin quietly bowing out of the digital entertainment game next month, shutting down its video streaming service and music, e-book and magazine stores. But while the supermarket ...
The company is amid a £1bn cost cutting push
J Sainsbury plc, trading as Sainsbury's, [a] is a British supermarket and the second-largest chain of supermarkets in the United Kingdom.. Founded in 1869 by John James Sainsbury with a shop in Drury Lane, London, the company was the largest UK retailer of groceries for most of the 20th century.
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