Argos Limited, trading as Argos, is a catalog retailer operating in the UK and also Ireland, obtained by Sainsbury's grocery store chain in 2016. It was developed in November 1972 and also is called after the Greek city of Argos. The firm trades both with physical stores and also online, with 29 million yearly store consumers, and also almost a billion on-line site visitors per year. It has actually also franchised overseas to nations such as China.
In April 1998, GUS plc acquired the business and it became part of the Home Retail Team when GUS split in October 2006. In August 2013, it was approximated that 96% of the populace of the UK was within 10 miles of an Argos branch.
In April 2016, Argos' moms and dad Residence Retail Team consented to a ₤ 1.4 billion requisition by the UK grocery store chain Sainsbury's. The procurement was completed on 2 September 2016 and also the business became part of a department named Sainsbury's Argos, led by its own president.
On 5 November 2020, Sainsbury's revealed that it would certainly shut 420 Argos standalone electrical outlets by March 2024, leaving regarding 100; 150 Argos outlets were to be opened in supermarkets. The 120 Argos stores that had actually shut momentarily due to the 2020 COVID-19 pandemic would not reopen.