Argos when does it close

By the end of the restructuring programme, Sainsbury's said it expected the total number of standalone Argos outlets to be about In addition to the Argos stores it plans to open in its supermarkets by , it also plans a further collection points. He said the aim was to make Argos "a simpler, more efficient and more profitable business". Products from the Habitat brand will also be more widely available in the stores and via Argos.

Despite the cutting of the 3, roles, the supermarket expects that it will have created about 6, net new jobs by the end of the year. However, the redundancies increase the mounting jobs toll announced by companies facing a coronavirus hit to trading. More than , potential job losses have been announced across sectors including banking, hospitality, travel and retail since the start of Covid pandemic in March.

Thousands more workers remain on furlough. Despite Sainsbury's cost-cutting, the company said on Thursday it would pay out a special dividend of 7. Sainsbury's revealed that total like-for-like sales increased by 6. The supermarket also said there had been "stronger-than-expected sales, particularly at Argos". Analysts said the Argos restructuring seemed sensible in the current climate, and Julie Palmer, partner at Begbies Traynor, felt opening more in-store operations could be an "ace in the hole" this Christmas.

Argos stores says it all. Sainsbury's management clearly did not know how to run Argos and the plan to transplant into spare store space has not worked.

But how many Argos stores are there in the UK and why are they shutting? The move is part of a plan to close Argos outlets by , reducing the total number of standalone stores to just around However, Sainsbury is also planning to open up another Argos stores in supermarkets and up to collection points with the company, adding that the lost jobs would be cancelled out by roles created elsewhere. Second lockdown will cost millions in lost business, warn Primark owner and betting group GVC.

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