NEWS

Sainsbury’s to open 30 new in-store Argos outlets

Published on: 6th September 2016

The retailer is hoping that many Argos staff will move from closed high street stores into its supermarket branches.

homeretail480Sainsbury’s said it would open 30 new Argos outlets, joining the 20 that have been trading for more than a year, as it kicks off the integration of its new acquisition. The company will also open mini-Habitat shops.

Sainsbury’s said up to 600 head office jobs were potentially at risk, but has insisted the takeover of Argos will ultimately create jobs because new Argos stores and supermarket collection points would be opened. The group said it had no plans to close Home Retail Group’s head office in Milton Keynes or Sainsbury’s non-food management office in Coventry, although some functions may move between Milton Keynes and other Sainsbury’s office locations.

After completing the £1.4bn takeover of Home Retail Group, Sainsbury’s is now the UK’s biggest retailer of non-food, as well as the second biggest grocer, with 195,000 employees and more than 2,000 outlets including supermarkets, Argos stores, convenience stores and three flagship Habitat outlets.

Mike Coupe, chief executive of Sainsbury’s, commented: “This is the start of an exciting new phase for Sainsbury’s, Argos and Habitat. I’m delighted to be able to quickly capitalise on the benefits of our combined group.”

In light of this news, John Rogers, CEO of Sainsbury’s-Argos, wrote to its suppliers to reassure them that all existing agreements they have either with Sainsbury’s, Argos or both companies will remain in place, as will their usual contacts and trading relationships with the buying teams and the company’s Asia Sourcing offices. All invoicing and payment process also remain unchanged.

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