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During 2020, 120 standalone Argos stores in the UK permanently closed. These measures were reported to be due to changing consumer habits and the growth of online shopping. [19] On 24 June 2023, Argos ceased its operations in Ireland. [22] [23] [24] [25]
The original company became defunct in 1962 when it merged with Murphy Radio, but the Bush brand name survives as a private label brand for budget electronics, [1] [3] becoming the most popular brand in the UK for smaller-size TVs in the 1990s [4] and has since also become popular for products such as smart TVs, tablets and white goods as of 2015.
D-Series: Full-HD TV; V-Series: Smart TV. [46] The V- and D- series come in sizes from 24 to 75 inches and use direct LED backlight. [47] M-Series Quantum: HDR TV. [48] The 2022 models have local dimming up to 32 zones, and come in sizes from 43 to 75 inches. They are LCD TVs with 4K resolution and standard HDMI 2.0 that support AMD FreeSync. [47]
In 2008, LCD TV shipments were up 33 percent year-on-year compared to 2007 to 105 million units. [10] In 2009, LCD TV shipments raised to 146 million units (69% from the total of 211 million TV shipments). [11] In 2010, LCD TV shipments reached 187.9 million units (from an estimated total of 247 million TV shipments). [12] [13]
GUS plc acquired Argos in April 1998, and combined it with its mail order business to form Argos Retail Group (ARG) in June 2000. [4] It went on to acquire Homebase for £900 million in November 2002, bringing it into ARG. [5] In June 2005, GUS bought thirty three stores of Index, which were subsequently converted to the format of Argos. [6]
The availability of larger screen sizes at more affordable prices has driven consumer demand. For example, Samsung, a leading electronics manufacturer, introduced its first 98-inch (250 cm) television in 2019 with a price tag of $99,000. In 2024, the company will offer four 98-inch (250 cm) models starting at $4,000.