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Sainsbury’s is set to close 20 standalone Argos stores in the next financial year. The supermarket chain bought Argos in 2016 in a bid to grow their sales, increase their delivery networks and also be able to sell products to each other’s customers. Almost 10 years later, the supermarket giants have started to close standalone stores as demand for products decreases. Their latest financial update confirmed sales at the catalogue retailer fell 6.2 per cent in the 16 weeks to June 22 due to weaker demand for consumer electronics and gaming products Earlier this year, Sainsbury’s announced plans …

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