- 5 July 2017
- Transport / Logistics Services
Sainsburys Group Chief Executive Mike Coupe has said that Argos Fast Track had a ‘stellar performance’ when he presented the Group’s Q1 results this week.
Coupe made the announcement yesterday, and was upbeat about Sainsburys online business as a whole. Argos however led the way.
“Groceries Online sales grew by 8% and Convenience delivered strong growth of 10%, in line with our strategy of being there for customers whenever and wherever they want to shop,” said Coupe.
“General Merchandise and Clothing, including Argos, outperformed the market, with Fast Track delivery and collection seeing a stellar performance during the quarter, particularly during the period of warm weather when customers wanted to buy and receive their products the same day. Argos customers are increasingly choosing to shop with us online, consistent with our objective of being a leading digital retailer.”
Argos Fast Track deliveries were up 36% and collection was up 64%, far outstripping even the figures of the UK e-commerce market that sees double digit growth annually as a whole.
Coupe added that Sainsbury’s now has 212 digital collection points in its supermarkets, where customers can collect DPD, eBay and Tu clothing, 142 of which are enabled for Argos orders. In addition, Sainsbury’s is trialling six collection points in convenience stores.
It seems that last year’s acquisition of Argos by Sainsburys has reaped great rewards for the Group. This may be an important factor in any future acquisition or merger that is rumoured to be on the cards in the near future…
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