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Sainsbury’s boss hails ‘stellar’ performance

ArgosSainsburysMike Couple, Sainsbury’s chief executive has hailed the ‘stellar’ performance of Argos in the past quarter, with shoppers wanting same day delivery.

‘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,’ he said.
In the quarter to 1 July, general merchandise sales including Argos rose by 3.7%.
‘General merchandise sales grew by one per cent on an underlying basis (including Argos in last year’s base), outperforming the market despite the impact of closing 78 Argos in Homebase and 84 Habitat in Homebase concessions over the last year. We opened 36 Argos Digital stores in Sainsbury’s supermarkets, bringing the total to 75. 17 of the 36 stores replaced an existing Argos store, taking the total number of replacement stores to 20. We also opened three Mini Habitat stores, bringing the total to 11. We remain on track to open around 135 Argos Digital stores in Sainsbury’s supermarkets by the end of 2017/18, which will take the total to 175
‘We have 212 digital collection points in our supermarkets, where customers can collect DPD, eBay and Tu clothing, 142 of which are enabled for Argos orders. We are trialling six collection points in convenience stores.’