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Sainsbury's Completes Acquisition of Home Retail Group

Sep 7, 2016

The supermarket is now set to open more Argos digital concessions in its stores. Sainsbury's has successfully completed its £1.4bn acquisition of Argos owner Home Retail Group. The supermarket is now set to open more Argos digital ...

Tags: Sainsbury's, acquisition, Home Retail Group

Sainsbury's CFO to Lead Home Retail Group Following £1.4bn Takeover

Jun 14, 2016

The Group´s current chief executive John Walden is to step down following the £1.4bn deal. Sainsbury’s chief financial officer, John Rogers has been lined up to lead the Argos owner Home Retail Group once the takeover ...

Tags: Argos, takeover, the digital transformation

Home Retail Backs Sainsbury's £1.4bn Takeover Bid or Argos

Apr 5, 2016

The supermarket will now set about its mission to create a ' ulti-product, multi-channel' retailer with around 200 stores. Sainsbury’s has won the four-month battle to buy Argos after the Home Retail Group’s owner agreed to a ...

Tags: Argos, Home Retail, Sainsbury's

Sainsbury's Confirms HRG Offer

Mar 23, 2016

Sainsbury's has confirmed that it will proceed with its offer for Home Retail Group (HRG), owner of Argos, and is "pleased" by last Friday's turn of events, which saw rival bidder Steinhoff international abandon pursuit in favour of ...

Tags: Sainsbury's, HRG, Argos

Macfarlane Launches Packaging Innovation Lab In UK

Mar 21, 2016

Macfarlane Packaging, a UK-based distributor of protective packaging materials, has launched the new packaging innovation lab in order to help create bespoke, cost effective protective packaging solutions for customers. Located in ...

Tags: Macfarlane, Packaging, Packaging innovation lab

Sainsbury's Reiterates Argos Offer As Steinhoff Withdraws

Mar 21, 2016

Ahead of today's 5pm deadline, Steinhoff backed out of making a bid for Home Retail Group at the last minute, leaving Sainsbury's the likely purchaser or the Argos business. Sainsbury's share prices rose sharply, while Home Retail Group's ...

Tags: Sainsbury's, Withdraw, CITY AM, Home Retail Group

Like-for-Likes Fall At Argos During Final Period

Mar 16, 2016

Home Retail Group has issued a trading statement for the eight weeks to 27th February 2016, a turbulent time for the company given the imminent sale of Argos and Homebase (the latter now completed). Chief executive John Walden ...

Tags: Home Retail Group, Argos

Rug Producers Show Their Big Time in Market

Apr 7, 2015

Rug suppliers that showcased goods at the New York Home Fashions Market reported good news all around. From appointments with key customers to feedback on product and plans, manufacturers said the Manhattan market last week met ...

Tags: Rug suppliers, High Point, Furniture

Cherokee Global Brands Entered Into a New License Agreement with Argos

Jan 30, 2015

Cherokee Global Brands, a global marketer of style-focused lifestyle brands, has entered into a new license agreement with Argos, a subsidiary of Home Retail Group plc, to launch a broad family-assortment of Cherokee lifestyle products ...

Tags: clothing, footwearc, Apparel

Black Friday Promotions Impacted The Shape of Argos'sales Over Its Peak Trading Period

Jan 16, 2015

The group has reported sales of £1.82 billion for the 18 weeks leading to January 3rd this year, seeing an increase of 0.8 per cent. Argos’ like-for-like sales remained broadly flat for the 18 weeks to January 3rd, 2015, while ...

Tags: Christmas Results, trading period, Toys

HRG Has Sold Its Homebase Store in Battersea to a Residential Property Developer

Nov 26, 2014

BBC News has reported that the Home Retail Group (HRG) has sold its Homebase store in Battersea to a residential property developer for £57m. The group plans to close 25 Homebase stores by early March 2015, citing the pressure of ...

Tags: Battersea Store, Property Developer, Furniture

Argos Launches Its First Underground Store at Cannon Street Tube Station

Nov 26, 2014

Argos has teamed up with Transport for London (TfL) to launch its first Underground store at Cannon Street Tube station. The new Argos Collect store, which officially opened today, has been designed to give customers convenient access to ...

Tags: Underground Store, Furniture

Argos Has Seen a Rise of 4.9 Percent in Like-for-Like Sales

Jun 30, 2014

Lift has been driven by seasonal products, electrical, video gaming and TV sales. Argos has seen a rise of 4.9 percent in like-for-like sales in its first quarter of 2014, driven by seasonal products and continued growth in electricals. ...

Tags: Toy, Argos

Argos Saw Increased Internet Penetration to 44% of Total Sales

May 5, 2014

The group reported good performances at both Argos and Homebase, with both businesses delivering positive like-for-like sales growth throughout the year. Sales were up 3% at £5,663m, while cash gross margin was up 2% to ...

Tags: Furniture, Furnishing

Portico New York Launches Their First Edition of Fashion@Home Retail Conference in India

Apr 22, 2014

In its mission to make Indian homes fashionable, leading home fashion brand, Portico New York launches their first edition of Fashion@Home Retail Conference 2014 in India. The event will flag off in Delhi followed by Mumbai, Hyderabad, ...

Tags: soya bean, blankets, memory foam pillows

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