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Argos stores to close down as part of reshuffle by Sainsbury's

A number of Argos stores in Kent could be closed as part of a nationwide reshuffle from parent company Sainsbury's.

It has been revealed that between 60 and 70 of the catalogue outlets will be shut within the next five years.

Town centre Argos stores will be closing. Ashford's shut last year
Town centre Argos stores will be closing. Ashford's shut last year

They will then be incorporated into existing Sainsbury's supermarkets - following in the footsteps of the likes of Ashford and Deal.

In their trading update, the UK's second largest supermarket chain announced it will be opening 110 new convenience stores across the country, while also closing 40.

About 15 new supermarkets will be opened and 10 existing stores will be closed.

Sainsbury's has owned Argos since September 2016 when Home Retail Group agreed to be taken over for £1.4billion.

Chief executive officer Mike Coupe said: "Argos continued to grow market share in key categories but sales were impacted by reduced promotional activity and the timing of new product releases in gaming and toys.

Argos' future is inside Sainsbury's supermarkets
Argos' future is inside Sainsbury's supermarkets

"Clothing sales were boosted by clearance activity and strong online growth and Tu continued to grow market share."

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