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People outside supermarket chain Sainsbury's alongside Argos

Sainsbury's non-food sales dent festive grocery cheer

Sainsbury's, Britain's second-largest supermarket group, has today reported a fall in general merchandise and clothing sales for the Christmas quarter, taking the shine off a strong food performance and sending its shares sharply lower.

Business • 17 hrs

Sainsbury's ends talks to sell Argos to China's JD.com

British supermarket group Sainsbury's said it has terminated talks with Chinese e-commerce giant JD.com over selling the Argos general merchandise retailer, a day after confirming discussions were underway.

Business • 15 Sep 25

The retailer shut down its 34 bricks and mortar stores here in June 2023.

Argos Irish arm paid out dividend of €200m after shutdown

The Irish arm of catalogue retailer Argos paid out a dividend of €200m following the company's withdrawal from the Irish market in 2023.

Business • 11 Mar 25

Closure costs of €43.4m have been recognised in the new accounts and the largest component is redundancy costs of €23.2m.

Argos hit with €43m bill to close Irish business

The Irish arm of catalogue retailer, Argos has been hit with a €43.4m cost arising from its decision earlier this year to shut down its store network here with the loss of 580 jobs.

Business • 27 Dec 23

Sainsbury's has reported slightly better-than-expected flat profit for the first half due to demand for its food ranges

Sainsbury's sees 2023 profit at upper half of guidance

British supermarket group Sainsbury's forecast full-year profit at the upper half of previous guidance as it reported slightly better-than-expected flat profit for the first half due to demand for its food ranges.

Business • 02 Nov 23

The government said on Wednesday 202 businesses had broken the law by leaving around 63,000 workers out of pocket.

UK fines M&S and others for not paying minimum wage

Britain has fined more than 200 companies, including top retailers WH Smith, Marks & Spencer and Argos, for failing to pay their lowest paid staff the minimum wage between 2017 and 2019.

Business • 21 Jun 23

Why is Argos leaving Ireland?

It is never a good day when any business in Ireland has to close.

Business • 20 Jan 23

Argos said its decision will result in the closure of 34 stores across Ireland

Argos to close Irish stores with hundreds of jobs lost

Argos has announced that it intends to close all stores and operations in the Republic of Ireland at the end of June this year with the loss of 580 jobs.

Business • 19 Jan 23

The closure of the three stores over the 12 months reduced the Argos retail estate from 38 to 35 stores in Ireland

Irish closure costs contribute to soaring Argos losses

Costs associated with the closure of three Argos outlets contributed to a big increase in pre-tax losses at the Irish arm of the retailer to €13.06m this year.

Business • 06 Dec 22

Sainsbury's has 172,000 workers, making it one of the UK's biggest private sector employers

Sainsbury's gives staff a third pandemic bonus

Britain's second largest supermarket group Sainsbury's said today that it will award its staff a third bonus for their efforts during the Covid-19 pandemic.

Business • 26 Feb 21

Sainsbury's has reported a loss before tax of £137m for the 28 weeks to September 19

Sainsbury's says 3,500 jobs at risk in restructuring

UK supermarket group Sainsbury's said today up to 3,500 jobs were at risk in a restructuring that will see it close 420 standalone Argos stores and shut down all in-store meat, fish and deli counters.

Business • 05 Nov 20

Sainsbury's said its like-for-like sales fell 0.2% in its fiscal second quarter, having fallen 1.6% in the first quarter

Sainsbury's trading improves as new plan laid out

Supermarket group Sainsbury's today detailed a new plan to cut costs, speed up debt reduction and shake up its store estate and financial services division as it reported improved trading in its latest quarter.

Business • 25 Sep 19

Sainsbury's said total retail like-for-like sales, excluding fuel, rose percent 1.1% in the 15 weeks to January 6

Sainsbury's Christmas sales just beat forecasts

Sainsbury's, the UK's second biggest supermarket group, reported slightly better than expected sales growth in its key Christmas quarter.

Business • 10 Jan 18

Sainsbury's made an underlying pretax profit of £251m in the 28 weeks to September 23

Sainsbury's H1 profit dented by seasonal Argos loss

UK supermarket Sainsbury's today reported a 9% fall in first half profit and a slowdown in quarterly sales growth as intense competition in the grocery market took its toll.

Business • 09 Nov 17

Sainsbury's made an underlying pretax profit of £277m for the 28 weeks to September 24, down 10% on the same time last year

Sainsbury's targets more cost savings, profit fall

UK supermarket Sainsbury's has today reported a third decline in first-half profit in a row.

Business • 09 Nov 16

John Rogers will be responsible for combining Sainsbury's non-food business with Argos

Home Retail CEO to leave after Sainsbury's deal

Home Retail, the Argos-store owner which is being acquired by Sainsbury's, said its chief executive John Walden would quit when the takeover by the supermarket is finalised.

Business • 10 Jun 16

Argos said its total sales rose by 2.6% to £868m in the 13 weeks to May 28 - its fiscal first quarter

Argos reports best quarter in two years

Home Retail's Argos has reported its best quarterly sales performance in two years, indicating the distraction of a yet to complete takeover by supermarket Sainsbury's has not damaged trade.

Business • 09 Jun 16

Sales were flat at Argos for the year to the end of February

Home Retail posts sharp fall in profit

Argos-owner Home Retail, which agreed last month to be taken over by UK supermarket Sainsbury's, today reported a 28% fall in annual profit, reflecting tough markets and increased investment.

Business • 27 Apr 16

The board of Argos owner Home Retail Group unanimously approved the takeover bid and has recommended it to shareholders

Argos owners' board approves Sainsbury's takeover

UK Supermarket chain Sainsbury's has won its four-month battle to buy Argos owner Home Retail Group after agreeing a £1.4bn (€1.77bn) deal.

Business • 01 Apr 16

Sainsbury's has shown greater resilience to competition from discounters Aldi and Lidl than its big four rivals in the UK

Sainsbury's sees first quarterly growth in 2 years

UK supermarket group Sainsbury's reported its first quarterly sales increase in over two years, three days before a deadline for it to raise its offer for Argos-owner Home Retail.

Business • 15 Mar 16

Argos sales boosted by upgraded home delivery service

Home Retail sees sales at Argos improve

Home Retail, the retailer at the centre of a bidding war, said sales at its Argos stores open over a year fell 1.1% in the eight weeks to February 27.

Business • 10 Mar 16

Home Retail has recently reported poor sales over Christmas for Argos

Sainsbury's in £1.3 billion deal for Home Retail

Sainsbury's has agreed to buy Argos-owner Home Retail for £1.3 billion, accelerating its growth strategy by creating the UK's largest general merchandise retail business.

Business • 02 Feb 16

Wesfarmers to spend another £242m refurbishing the Homebase 265 stores

Home Retail confirms Homebase sale to Wesfarmers

Britain's Home Retail Group has confirmed the sale of its Homebase chain to Wesfarmers, and said it would return £200m of the proceeds to shareholders.

Business • 18 Jan 16

Home Retail posts a bigger than expected 2.2% drop in like-for-like sales at its biggest chain Argos

Home Retail says poor sales at Argos to hit profit

British retail takeover target Home Retail reported a worse-then-expected 2.2% drop in like-for-like sales at its biggest chain Argos.

Business • 14 Jan 16

The Competition and Consumer Protection Commission said hoverboards must bear the CE mark

Retailers may face action over sale of hoverboards

The Competition and Consumer Protection Commission has said it is considering enforcement action against a number of retailers selling hoverboards.

News • 16 Dec 15