Sainsbury’s will sell all 664 Argos stores to newly formed Swift Partners for £120 million after ten years of partnership. Argos shops will remain present in Sainsbury’s locations for the time being, as Sainsbury’s focuses on its core food business. Employee jobs at Argos will be safeguarded.
Sainsbury’s plans to eliminate 3,000 jobs by closing all cafés and pizza and patisserie counters, aiming to simplify its operations. The company noted that many loyal customers rarely use these services. Additionally, a 20% reduction in senior management roles is expected, as it navigates a challenging cost environment.
There’s concern for jobs today as Sainburys announce they’re cutting 3,500 jobs across the country. Locally, Sainburys had already announced the closure of their Olympia store and focusing on Kingsgate Retail Park. The announcement also stated that 420 ARGOS in store shops will close completely by 2024. Jobs to go may be centred around the […]
East Kilbride’s Olympia Shopping Centre has been dealt another severe blow as retail giant, Sainsburys announce their departure. Sainsbury’s Olympia will close for good with fears that more than 200 hundred jobs could be at risk. Resourcing tasks are ongoing to potentially relocate staff to alternative stores – including the superstore at Kingsgate Retail Park. […]