Argos chain to get digital overhaul
Parent company Home Retail Group said it would reduce the circulation of the traditional Argos catalogue - launched in 1973 - as it refocuses the chain as a digital-led retailer.
It also plans to trim its 739-strong store estate and move shops into shorter leases to be able to relocate as part of a plan to use stores as product pick-up points for online orders.
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Hide AdHome Retail said: “Stores and catalogues will remain important, but their roles will be adapted in order to support a digital offer.”
It stressed that having a “strong local presence” remained important.
The news comes after a six-month review of the Argos chain to revive the business.
In half-year results also announced today, Home Retail said underlying earnings at Argos were 3% down at £3.3 million with a return to like-for-like sales growth, up 0.6 per cent in the six months to September 1.