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On 5 November 2020, Sainsbury's announced that it would close 420 Argos standalone outlets by March 2024, leaving about 100; together with other measures, 3,500 Sainsbury's jobs were to be cut and £600 million saved. During 2020, 120 standalone Argos stores in the UK permanently closed.
Sainsbury's purchased Supermac for £32m. [2] Supermac had planned to redevelop the site itself in a £30 million project, however a company director pointed out that the company would be at the peak of its overdraft at the same time as facing competition from Sainsbury's opening its first stores in Northern Ireland.
The south part of the centre was re-developed in 2005 downsizing the Sainsbury's Savacentre to a regular Sainsbury's which made space for other units. Argos was moved into Sainsbury's in 2018. [citation needed] The centre has a bus station at the north end of the mall connecting it to suburban areas of Leeds and to the city centre. The centre ...
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As supermarkets are allowed to remain open as 'essential shops' Sainsbury's has kept Argos concessions within stores open, but workers are concerned about the health risks.
Sainsbury's submitted a revised offer of £1.3 billion on 2 February 2016, with a deadline of 23 February to make a firm bid. [14] Steinhoff International submitted a rival bid of £1.4 billion on 19 February. [15] Steinhoff abandoned its bid on 18 March 2016, while Sainsbury's submitted a formal bid of £1.4 billion. [16]
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Sainsbury's later took full control of the stores alone in 1989, rebranding them as Sainsbury's SavaCentre, until 2005 when the stores were integrated into the Sainsbury's supermarket brand. The hypermarket stores ranged in size from 66,000 sq ft (6,100 m 2 ) to 117,000 sq ft (10,900 m 2 ) and the discount supermarkets ranged in size from ...