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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]
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.
After a four-month pursuit, in April 2016 Home Retail Group agreed to be taken over by Sainsbury's for £1.4 billion. Sainsbury's completed the acquisition in September 2016. [104] [105] The deal included catalogue chain Argos and furnishing retailer Habitat. As a result, the new Sainsbury's group was organised into four divisions: the core ...
It is owned by the British supermarket chain Sainsbury's, and serves as its main homewares brand, as well as for Argos. Founded in 1964 by Sir Terence Conran , it began as its own retailer, and merged with a number of other retailers in the 1980s to create Storehouse plc , before the latter sold Habitat in 1992 to the Ikano Group, owned by the ...
The proportion of cash accepted was slowly increased until the goods could be purchased, outright, without the need for any stamps. With this groundwork laid, the catalogue stores, warehouses and vehicle fleet were rebranded Argos in July 1973. The company suspended sale of stamps in 1983, then had a short revival in 1987 involving 2,500 shops ...
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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 .
Deals. Gifting. Health. Home. Style. Tech. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. ... Sainsbury’s, which employs 148,000 people, cut 1,500 ...