Concern over town retailer
Sudbury’s Argos store could be among 75 of the company’s shops to close or relocate within the next five years.
Following the completion of a business review, Argos has revealed a need to restore sustainable growth by reinventing itself and becoming more internet based.
Home Retail Group, which owns Argos, released details of the transformation plans with its six month results on Wednesday.
They include increasing its product range, developing a universal appeal and having a greater online presence.
It also plans to reduce its cost base by closing or relocating at least 75 Argos stores, based on factors such as profitability, attractiveness of location and complexity of operations, as their leases come to an end over the next five years.
Sudbury’s store in North Street has recently undergone a refurbishment but there are no guarantees the shop will be safe.
“We can not at this stage give details of individual stores which may be affected by this because it will depend on lease negotiations at the time,” an Argos spokesman said.
Search for a job
Search for a car
Search for a house
Weather for Sudbury
Thursday 20 June 2013
Temperature: 12 C to 18 C
Wind Speed: 13 mph
Wind direction: East
Temperature: 11 C to 19 C
Wind Speed: 14 mph
Wind direction: South west