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The centre is the major shopping centre in the London Borough of Lewisham. Also part of the complex is the Lewisham House office tower, formerly occupied by Citibank. [2] There are proposals to convert this building to flats. [3] The centre is located in Lewisham town centre and was built over the former streets Rhyme Road and Romer Avenue. [4]
Lewisham's commercial area is one of the largest in south-east London. Lewisham Shopping Centre, opened in 1977, has 70 stores and is over 330,000 square feet. Shops include Marks & Spencer, W H Smith, Sainsbury's, H&M, TK Maxx, JD Sports, SportsDirect.com, Argos and Boots. [23]
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.
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As supermarkets are allowed to remain open as 'essential shops' Sainsbury's has kept Argos concessions within stores open, but workers are concerned about the health risks.
Under the terms of the agreement with Sainsbury's to acquire Home Retail Group, for each Home Retail Group share, shareholders received 0.321 new Sainsbury’s shares and 55p per share. As a result of the sale of Homebase, they also received 25p per share, plus the year's dividend as a final dividend payment. [22]
Argos (previously an independent company, once owned by British American Tobacco) – the UK's largest catalogue retailer; Homebase (formerly owned and founded by J Sainsbury) – a DIY (home improvement) retailer; ARG Financial Services – provider of store card services, such as the Argos Card and Argos insurance products.
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.
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