![]() In October 2012, Argos announced that they would close some of their catalogue shops in 2013. Upon handover of the goods (if shopping using the catalogue number method), the receipt was stamped "RECEIVED" by the shop to ensure that it could not be reused. Additionally, "Quick pay" kiosks were also available to place orders and pay. The order form was taken to the checkout and the items paid for, then the customer was given a receipt which indicated where they should wait for their items to be brought to them from the storeroom. Argos provided red pencils (formerly small blue ballpoint pens, then blue pencils) in shops for this purpose. The Argos shopping process had involved completing a small order form with the catalogue numbers of the desired items. Current operations An Argos branch in Pontefract, West Yorkshire.Īs of November 2020, Argos is one of the UK's largest general merchandise retailers, operating both in stores and online.Īrgos is most well known for its traditional high street catalogue stores. On 24 June 2023, Argos ceased its operations in the Republic of Ireland. The measures were reported to be due to changing consumer habits and the growth of online shopping. On 5 November 2020, Sainsbury's announced that it would close 420 Argos standalone outlets by March 2024, leaving about 100 with other measures 3,500 Sainsbury's jobs were to be cut and £600m saved.ĭuring 2020, 120 standalone Argos stores in the UK permanently closed. In July 2020, Argos announced that it would be discontinuing production of its printed catalogue after 47 years. Argos and Sainsbury's appealed to very different customer segments with little overlap." When Sainsbury's announced in 2020 the closure of most Argos outlets in the UK, it was commented that the closure was an admission that its purchase of Argos had been a mistake "Sainsbury's management clearly did not know how to run Argos and the plan to transplant into spare store space has not worked. A large number of UK high street and retail park shops were closed, replaced by an Argos outlet in a nearby Sainsbury's shop. The acquisition was completed on 2 September 2016. In April 2016, Argos' parent Home Retail Group agreed to a £1.4 billion takeover by Sainsbury's, following a bidding war between the supermarket chain and South African conglomerate Steinhoff International. In January 2016, the sale of sister company Homebase for £340 million was announced. In January 2009, Argos closed all its shops in India due to poor sales. Argos had a franchise agreement, run in conjunction with HyperCity its Indian retail partner. In February 2007, Argos opened five shops in Mumbai, India. In October 2006, it subsequently became part of Home Retail Group which was demerged from its parent company, GUS plc, with effect from 10 October 2006. In April 1998, the company was acquired by GUS plc. The company was demerged from BAT Industries and listed on the London Stock Exchange in 1990.Īrgos entered the Irish market in 1996. The Elizabeth Duke brand was later phased out, with products sold as "Jewellery and Watches". In 1980, Argos opened its Elizabeth Duke jewellery counter (named after a director's wife) and by 1982, was the United Kingdom's fourth-biggest jewellery retailer. ![]() Argos was purchased by BAT Industries in 1979 for £32 million. Green Shield House was in Station Road, Edgware.Īrgos was launched with thousands of staff, taking £1 million during a week in November. He rebranded the original Green Shield Stamps catalogue shops as Argos beginning in July 1973, the first purpose-built shop opening on the A28 Sturry Road, Canterbury in late 1973. He came up with the idea that people could purchase goods from his "Green Shield Gift House" with cash rather than savings stamps. The company was founded by Richard Tompkins who had previously established Green Shield Stamps in the United Kingdom. History Argos branch in Huddersfield, West Yorkshire It has also franchised overseas to countries such as China. The company trades both through physical shops and online, with 29 million yearly shop customers, and nearly a billion online visitors per annum. It was established in November 1972 and is named after the Greek city of Argos. Argos Limited is a British catalogue retailer operating in the United Kingdom and formerly in the Republic of Ireland, acquired by Sainsbury's supermarket chain in 2016.
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