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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]
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 ...
Nectar is a loyalty card scheme in the United Kingdom run by Nectar 360 Limited, [2] [1] company wholly owned by Sainsbury's. The scheme is the largest in the United Kingdom, and comprises a number of partner companies including Sainsbury's, Esso, Argos and British Airways. It launched in 2002 with initially four partner companies, and by 2010 ...
The deal came after an acquisition by Sainsbury's was rejected by the Competition and Markets Authority. [14] [7] As of June 2024, the company is majority owned by TDR Capital following the sale of Zuber Issa's 22.5 per cent holding to the company.
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In July 2017, EE announced 100 store-within-a-store outlets by the end of 2019 via a partnership with Sainsbury's. This would create 400 jobs in Sainsbury's and Argos stores, and see the number of outlets reach close to 700, as part of its ambition to provide 95% of the population with access to an EE shop within 20 minutes' drive. In addition ...