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Argos Historical Story

Argos Ltd, exchanging as Argos, is a British list retailer working in the United Kingdom and Ireland, and an auxiliary of Sainsbury's. It is named after the Greek city of Argos. The organization exchanges both through physical shops and on the web, with more than 845 retail shops (each shop is prefixed exclusively utilizing a number comprising of up to six digits, e.g 004482), 29 million yearly shop clients, and almost a billion online guests for every annum, making it one of the biggest high road retailers in the United Kingdom. It has additionally diversified abroad to nations, for example, China.

Argos was set up on 13 November 1972, by Richard Tompkins, the organizer of the Green Shield Stamps plot, who rebranded the current Green Shield Stamps index shops as Argos, before opening new Argos-marked shops later in the year. BAT Industries acquired the organization in 1979, and in 1990, it was recorded on the London Stock Exchange, where it turned into a constituent of the FTSE 100 Index.

In April 1998, GUS plc purchased the organization and it turned out to be a piece of Home Retail Group when GUS split in October 2006. In August 2013, it was evaluated that 96% of the number of inhabitants in the United Kingdom was inside 10 miles of an Argos branch.

In April 2016, Argos' parent Home Retail Group consented to a £1.4 billion takeover by the UK store chain Sainsbury's. Sainsbury's plan to close most if not every single separate Argo shops and incorporate them into its enormous Sainsbury's general stores. The obtaining was finished on 2 September 2016 and the business turned out to be a piece of a division named Sainsbury's Argos, driven by its very own CEO.

History

The organization was established by Richard Tompkins who had recently settled Green Shield Stamps in the United Kingdom. While on vacation in the Greek city of Argos, he thought of the possibility that individuals could buy merchandise from his "Green Shield Gift House" with money instead of reserve funds stamps. He rebranded the first Green Shield Stamps list shops as Argos starting in July 1973,[5] the main reason manufactured shop opening on the A28 Sturry Road, Canterbury in late 1973. Green Shield House was in Station Road, Edgware.

Argos was propelled with a great many staff, taking £1 million during seven days in November. Argos was bought by BAT Industries in 1979 for £32 million. In 1980, Argos opened its Elizabeth Duke gems counter (named after an executive's better half) and by 1982, was the United Kingdom's fourth-greatest gems retailer. The Elizabeth Duke brand has since been eliminated and supplanted with the "Gems and Watches" brand.

The organization was demerged from BAT Industries and recorded on the London Stock Exchange in 1990. In April 1998, it was then gained by GUS plc. In October 2006, it along these lines turned out to be a piece of Home Retail Group which was demerged from its parent organization, GUS plc, with impact from 10 October 2006. If you are looking for more information about<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->argos opening times visit<!--td {border: 1px solid #ccc;}br {mso-data-placement:same-cell;}-->argos open near me right away.

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