Thread: Sainsbury's and Asda in talks about £10bn grocery merger
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Old 30-04-2018, 19:40   #52
1andrew1
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Re: Sainsbury's and Asda in talks about £10bn grocery merger
Quote:
Originally Posted by pip08456 View Post
The first stores to close will be Argos once outlets have been moved into Asda and Sainsbury's.
The upbeat Mike Coupe of Sainsbury's said today that Argos had grown its outlets under Sainsbury's ownership - up from about 760 to over 850. Argos is an example of a company that has adapted well to the online onslaught and should benefit from the demise of Toys'R'Us in the UK. But as others have said, if there's a nearby Sainsbury store, Argos will relocate into it once its lease expires. Makes good sense to me.
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