Thu, 06 Aug 2026
The retailer has been around for 50 years but struggled to compete with newer rivals such as Amazon. Can its new owners turn it around?
* Argos has been struggling in recent years with stagnant sales and fierce competition from online giants like Amazon
* Its owner Sainsbury's recently announced it was selling the chain for a lot less than it paid for it 10 years ago
* The new owners, Swift Partners, see "real opportunities" for growth and plan to open new standalone shops
* Argos has around 200 standalone shops and offers same-day collection, but its app needs improvement to compete with online players like Amazon
* Retail analysts think Argos could capitalize on its trusted British brand reputation and network of stores, but it needs to improve customer service and marketing efforts
* Some shoppers love the convenience of Argos's same-day collection, while others prefer online shopping due to the wider range and delivery options
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