Argos to close 100 standalone branches by 2024

Argos will reportedly close 100 of its standalone High Street stores by March next year.

While Argos, which is owned by Sainsbury’s, recorded a five per cent uptick in sales in its recent financials, stores will continue to close as part of its strategy to relocate outlets into kiosks within Sainsbury’s stores.

“The transformation of our Argos store and distribution network is continuing at pace, improving availability, convenience and service for customers,” an Argos spokesperson told MailOnline.

They continued: “As part of this, we are we are opening new Argos stores in many of our Sainsbury's supermarkets, enabling customers to purchase thousands of technology, home and toy products from Argos while picking up their groceries.”

The retailer said its overall plan is to have up to 460 standalone stores and between 450 to 500 Argos collection points inside Sainsbury's supermarkets in operation by March 2024.

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