Toy market news

Argos details first wave of shops set to close

Any stand alone Argos store that has not reopened since March will remain closed for good, the high street chain’s owners have revealed

By toyworldmag.co.uk

Sainsburys has given further details on which Argos shops will be the first to shut amid plans to close a total of 420 standalone stores. Sainsbury’s, which owns the high street chain, revealed that “any standalone Argos store which has not reopened since March will remain closed permanently.”

120 standalone Argos stores have not opened their doors since the first national coronavirus lockdown, which saw all non-essential retail forced to close in March, including standalone Argos stores. These 120 stores are part of a first wave of shop closures planned by the company.

Sainsbury’s also plans to axe another 300 Argos standalone Argos stores by March 2024 as the company reviews its estate. However, J Sainsbury chief executive, Simon Roberts, has confirmed that 350 new Argos stores will be opening within the organisation’s supermarkets.

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