Sainsbury's, which bought Argos in 2016, said in its statement that the 120 standalone Argos stores that had not reopened since they were closed in March would now shut permanently. ... In addition to the 150 Argos stores it plans to open in its supermarkets by 2024, it also plans a further 150-200 collection points.

What companies do Sainsburys own?

Our Brands

Argos, Habitat, Tu, Nectar and Sainsbury's Bank are all delivering for their customers and we are on track to drive strong, sustainable, profitable growth to support our core food business.

Why did Sainsburys sell Argos?

With Argos' technology, Sainsbury's could leapfrog its competitors and gain a significant share of the new generation of digital consumers. Another motive for the bid is that Sainsbury's could move Argos stores into their existing supermarkets. Sainsbury's 1,300 stores could then become click-and-collect spots.