Sainsburys – 30 new Argos digital stores

Since the acquisition of Home Retail Group, Sainsburys has now opened 22 Argos digital stores and is on track to open 30 digital stores by Christmas. Additionally it is to create a further 30 Argos digital collection points in its supermarkets ahead of the peak season.

The plans come as part of a rollout of 200 new digital collection points where customers can collect Tu clothing, eBay and DPD parcels.

Sainsburys reported these plans in its half year results. These showed that it is on track to deliver its £500 million cost saving programme by the end of the next financial year. It has also announced plans to deliver a further half billion pounds of cost savings over three years from 2018/19.

The grocer has reported that convenience sales grew by over 6% and the business has contributed more than £2.4bn of annualised sales. Sainsburys has opened 16 new convenience stores and is trialling six new Sainsburys Locals in a franchise partnership with Euro Garages in service stations.

Online groceries grew by 8% and contributed nearly £1.3bn of annualised sales. Sainsburys has now opened a new online fulfilment centre to meet demand in the London area.

Underlying group sales rose 2.1 per cent to £13.9 billion for the first half, but underlying pre-tax profit was down ten per cent at £277m. Coupe said Sainsbury’s had achieved like for like transaction growth across all its channels.

“The acquisition of HRG accelerates our strategy to give customers choice, convenience, speed and flexibility in when, where and how they shop,” said Coupe. “Food will always be at our heart and we are strengthening our Clothing, General Merchandise and Financial Services offers to realise the potential of the Group. The combination of our products, services, customer data and fast delivery networks gives us a strong platform for growth and enables us to deliver clear synergies.”

 
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