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Since Sainsbury's acquired Argos, more and more standalone stores have been moved into a nearby Sainsbury's store. On 25 September 2019, Sainsbury's announced that over 50 Argos stores would be closing or relocating in order to cut costs. Stores also began to feature digital computers as well as printed catalogues to save costs.
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]
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.
After initially announcing the complete closure of its 94 stores, a private equity firm bought and saved the company. Party City The four-decade-old retailer filed for bankruptcy in December ...
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Macy's is closing more stores than it originally announced earlier this year. According to the company's third quarter earnings report, the department store chain is expected to close 65 locations ...
Simon John Roberts (born 26 January 1971) is a British businessman, and the chief executive officer (CEO) of Sainsbury's since 1 June 2020, having previously been retail operations director. He is a former managing director of Boots UK .