Sainsbury’s have today announced the closure of 420 Argos stores and 3,500 staff redundancies.
Sainsbury’s bought Argos in 2016 and have progressively moved services into their stores. After closures, around 100 Argos stores will remain.
The closure of over 80 per cent of stores means many south east London branches are unlikely to be long for this world.
Charlton is an obvious candidate for closure with a large Sainsburys located nearby.
Thamesmead could also close with Abbey Wood Sainsbury’s relatively close. OK, hardly walkable so we’ll see.
Eltham is another town with an Argos close to Sainsbury’s.
Woolwich Argos looks on the at-risk list with Sainsbury’s nearby, though Woolwich Sainsbury’s is not the same superstore size as Charlton and Abbey Wood.
Erith is also at risk having not reopened after the first lockdown ended.
The target is to include smaller branches in store at some Sainsbury’s – as seen in Lee and Crayford to give two examples – and encourage people to use click and collect including at Sainsbury’s Local branches.