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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]
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.
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Soon after Coupe's appointment, he announced a strategic review that aimed to address the challenges caused by a changing retail market. [5] In 2016 he led the takeover of Home Retail Group which included Argos and Habitat. [6] In March 2018 he announced new pay arrangements for colleagues. [7]
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The axe is likely to fall on office jobs as Sainsbury's and Argos teams are integrated following the takeover. Skip to main content. 24/7 Help. For premium support please call: 800-290 ...
Habitat (a trading name of Argos Limited) is a brand of household furnishings in the United Kingdom and the main homewares brand within the Sainsbury's group.. Founded in 1964 by Sir Terence Conran, it merged with a number of other retailers in the 1980s to create Storehouse plc, before the latter sold Habitat to the Ikano Group, owned by the Kamprad family, in 1992.
Sales at Sainsbury's fell by 0.7% over the crucial Christmas trading period, dragged down by a slump at Argos. Skip to main content. News. Need help? Call us! 800-290-4726. Login / Join ...