Argos – Latest stories from Nourish

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Sainsbury’s ends Argos sale talks, plans to close or convert stores amid UK retail shake-up. Argos, a UK catalogue retailer, is in the spotlight again.

Stories involving Argos

Klarna Goes Public in Major U.S. IPO

Swedish payments firm Klarna launched its IPO on the NYSE, valuing it at about $15.1 billion. Priced above expectations at $40 per share, the offering raised $1.37 billion. Klarna aims to expand in the U.S., now its second-largest market, amid rising buy now, pay later demand.

Sainsbury’s in Talks to Sell Argos to JD.com

Sainsbury’s is negotiating a potential sale of Argos to Chinese retailer JD.com. The move aims to accelerate Argos’s online transformation, but no deal has been finalized. Sainsbury’s emphasizes the deal would bring retail, tech, and logistics expertise, though concerns about valuation and strategic fit remain.

Sainsbury’s Ends Argos Sale Talks

Sainsbury’s has terminated discussions with JD.com regarding the sale of Argos, citing terms not in shareholders' best interests. The move follows earlier plans to sell or spin off Argos, which has struggled amid declining sales and strategic shifts. The retailer remains committed to transforming Argos within its broader strategy.

UK Retailers Brace for Budget Impact

Retailers in the UK are cautious ahead of the November 26 Budget, fearing tax hikes and economic uncertainty. Industry leaders warn that upcoming fiscal policies could slow consumer spending, with recent cost increases already impacting profits and prices. Meanwhile, supply chain pressures and inflation persist across sectors.