Sainsbury's to close 60 Argos stores and stop mortgage lending Sainsbury's to close 60 Argos stores and stop mortgage lending
Posts 1 to 10 of 10
  1. #1

    Fingers like lightning

    Martin@AS Financial 's job has never been outsourced


    Join Date
    Apr 2012
    Posts
    758

    Default Sainsbury's to close 60 Argos stores and stop mortgage lending


  2. #2

    I Am Legend

    BrilloPad has reached the peak. Play again?


    Join Date
    Aug 2006
    Posts
    104,226

    Default

    Should they have stuck with green shield stamps?

  3. #3

    Should post faster

    jds 1981 is a permanent contractor


    Join Date
    Nov 2015
    Posts
    116

    Default

    But an actual net increase of argos outlets?
    I actually find the outlet inside my local Sainsbury's very convenient, often cheaper than Amazon and quicker to access than Amazon prime.

  4. #4

    Fingers like lightning

    Martin@AS Financial 's job has never been outsourced


    Join Date
    Apr 2012
    Posts
    758

    Default

    Quote Originally Posted by BrilloPad View Post
    Should they have stuck with green shield stamps?
    Good question as it doesn't seem like an easy market to operate in at the moment what with Tesco's recently withdrawing from mortgage lending as well.

  5. #5

    Should post faster

    PCTNN has more data than eek


    Join Date
    Jul 2019
    Posts
    161

    Default

    Wasn't it their objective since day 1 after they purchased Argos?

    They want to close most of the Argos stores and create Argos collection points inside supermarkets to boost the sale of groceries.

    Business wise makes perfect sense. I'm surprised they haven't closed all Argos already.

  6. #6

    Super poster

    ladymuck is a fount of knowledge

    ladymuck's Avatar
    Join Date
    Sep 2005
    Location
    London
    Posts
    3,783

    Default

    Quote Originally Posted by PCTNN View Post
    Wasn't it their objective since day 1 after they purchased Argos?

    They want to close most of the Argos stores and create Argos collection points inside supermarkets to boost the sale of groceries.

    Business wise makes perfect sense. I'm surprised they haven't closed all Argos already.
    That would be a bit silly. There's lots you can get same day from Argos as it's held in stock in store. If it just becomes a collection point, hidden up the back of Sainsbury's past the frozen peas (yes, I know they're not really located there...yet), then Argos will lose some of its USP.

  7. #7

    Godlike

    Mordac is a fount of knowledge

    Mordac's Avatar
    Join Date
    Jul 2005
    Location
    Civilisation-ish
    Posts
    8,924

    Default

    Quote Originally Posted by BrilloPad View Post
    Should they have stuck with green shield stamps?


    I'm not sure the green shield model would work quite so well now, but back in the mid 1970's it was proper radical. We got our first soda stream thingy on stamps, along with some quite disgusting flavoured syrups which were a million miles from whatever the were supposed to taste like.
    His heart is in the right place - shame we can't say the same about his brain...

  8. #8

    My post count is Majestic

    NickFitz has reached the peak. Play again?

    NickFitz's Avatar
    Join Date
    Jun 2007
    Location
    Your local branch
    Posts
    46,385

    Default

    Quote Originally Posted by ladymuck View Post
    That would be a bit silly. There's lots you can get same day from Argos as it's held in stock in store. If it just becomes a collection point, hidden up the back of Sainsbury's past the frozen peas (yes, I know they're not really located there...yet), then Argos will lose some of its USP.
    This. My usual pattern of purchasing from Argos is that I check stock in the store a couple of miles down the road and, if they have whatever I want (and they almost always do), I go and buy it. If they don't, I start looking on Amazon because if I'm ordering and waiting until the next day or whenever, I might as well avoid the hassle of collecting it. Unless the Big Sainsbury's is going to chuck all the food out of its warehouse, I don't see how they can match the immediate availability of the Argos store.

  9. #9

    I Am Legend

    BrilloPad has reached the peak. Play again?


    Join Date
    Aug 2006
    Posts
    104,226

    Default

    Quote Originally Posted by Mordac View Post


    I'm not sure the green shield model would work quite so well now, but back in the mid 1970's it was proper radical. We got our first soda stream thingy on stamps, along with some quite disgusting flavoured syrups which were a million miles from whatever the were supposed to taste like.
    You had a great childhood! My family considered soda streams to be something for the plebs : I always looked longingly at the ads on TV.

    I think I should sue my parents.....

  10. #10

    Should post faster

    PCTNN has more data than eek


    Join Date
    Jul 2019
    Posts
    161

    Default

    Quote Originally Posted by ladymuck View Post
    That would be a bit silly. There's lots you can get same day from Argos as it's held in stock in store. If it just becomes a collection point, hidden up the back of Sainsbury's past the frozen peas (yes, I know they're not really located there...yet), then Argos will lose some of its USP.
    Believe it or not, this is exactly Sainsbury's strategy.

    They don't care much about Argos and its usp. Everything Sainsbury's group does has the ultimate goal of boosting the groceries sale.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •