Relocation and Concession
A popular high street retailer, Argos, is set to close its store in Holland Market, Spalding. However, it's not all bad news. The store will be relocating just a few doors down and will become a concession within a Sainsbury's supermarket.
Strategy and Expansion
Sainsbury's, which acquired Argos in 2016, has been closing standalone Argos stores and integrating them into its own supermarkets. This move aims to make shopping more convenient for customers and allow the company to invest in key areas.
Support and Opportunities
While the closure of the standalone Argos store may be unsettling for some, the company is offering support to affected employees. Colleagues will have the opportunity to redeploy to other roles within Sainsbury's and Argos.
The Future of Argos
By March 2024, Sainsbury's plans to have 160 standalone stores and between 430 and 460 Argos counters inside its supermarkets. This strategic approach will enhance the shopping experience for customers and drive further growth for the company.
Did you miss our previous article…
https://hellofaread.com/money/iconic-cleveleys-bakery-to-close-after-86-years/
