A HIGH street giant is to close two depots in a move that puts 1,400 jobs at risk.
Supermarket giant Sainsbury’s has said it plans to close two Argos depots.
James Chapelard 07834233059Sainsbury’s will close two Argos depots over the next three years[/caption]
The move will impact 1,400 jobs and take place over the next three years.
Sainsbury’s bought Argos in 2016 and has since moved many high street locations into stores.
Argos is moving away from the high street and expanding its presence in supermarkets, with concessions inside branches.
The brand is already shutting a handful of standalone stores on high streets with one closing its doors within weeks.
Argos’ Coatbridge branch in Lanarkshire, Scotland will shut its doors forever on Saturday, March 11.
Cardiff Bay’s Argos will close in July – but Sainsbury’s has not yet given an exact date.
Argos will then close its Newport, Wales branch later on in the summer.
It follows the closures of two standalone Argos branches in January.
The Coventry City Arcade store pulled down the shutters for the final time on January 7.
Argos closed its flagship store in Nottingham City Centre on January 14.
The latest closures come after the retailer announced it will shut all its 34 stores in the Republic of Ireland.
But while high streets lose out, Sainsbury’s supermarkets gain.
By the end of March 2023, the retailer will have opened 25 Argos locations inside Sainsbury’s stores.
By March 2024 Sainsbury’s expects to have 160 standalone stores and between 430 and 460 Argos counters inside Sainsbury’s supermarkets.