Lifestyle
Argos: Can New Owners Revive the 50-Year-old Retailer?

News summary
- Can its new owners turn it around?
- Do you still shop at Argos?
- And if so, what do you think of it?
- The chain has been a fixture of the British High Street for more than 50 years and is still used by around half of all UK households.
The retailer has been around for 50 years but struggled to compete with newer rivals such as Amazon. Can its new owners turn it around? Do you still shop at Argos?
And if so, what do you think of it? The chain has been a fixture of the British High Street for more than 50 years and is still used by around half of all UK households. But it has struggled to thrive in recent years amid fierce competition from online giants like Amazon, with sales stagnating.
Its owner Sainsbury's recently announced it was selling the chain for a lot less than it paid for it just 10 years ago. But the new owners say they see "real opportunities" for growth, including opening new standalone shops. Can they succeed where Sainsbury's did not?
Enrico has fond memories of using Argos's now-discontinued print catalogue. When the BBC spoke to shoppers in central London this week, the retailer seemed to divide opinion. Some, like Enrico, 28, said they loved the convenience of same-day collection, and felt nostalgic towards a brand which unlocked fond childhood memories.
Source: BBC Business
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