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Argos Limited is a British retailer operating in the United Kingdom online and through catalogues, and formerly in Ireland; it was acquired by Sainsbury's supermarket chain in 2016. It was established in November 1972 and is named after the Greek city of Argos . [ 5 ]
The brand was established in November 2005 as a result of the merger of the former Littlewoods and Shop Direct companies. The retailer was known as Littlewoods Shop Direct Group until a corporate rebranding to Shop Direct Group in May 2008. In 2013, the company rebranded to Shop Direct, dropping the 'group' from its name. [3]
In 2001, Argos started a clothing catalogue called Argos Additions, however they sold the brand to Shop Direct Group in 2004. In 2021, Argos ceased production of its printed catalogue, but an electronic catalogue can be browsed in-store as well as online.
The original Littlewoods brand was a shopping catalogue and retail business headquartered in Liverpool, and was bought by the Barclay brothers in 2002. [1] In 2009, Littlewoods Direct was rebranded as Very.co.uk, shifting its focus to online retailing and a younger market.
The company acquired Argos in 1998 in a hostile takeover bid [127] [19] and the UK's second largest online retailer at the time, Jungle.com, in 2000 for £37 million. [ 128 ] Argos Retail Group (2000–2006)
In October 2002, the Moores family sold the shopping and catalogue business to David and Frederick Barclay for £750 million. [1] In 2004 Littlewoods was merged with Kays Catalogues to create the Littlewoods Shop Direct Group (now The Very Group). The amalgamation of the two businesses led to the closure of many of both brands' distribution ...