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UK retailer Argos plots £300m revival

RBR Staff Writer Published 05 July 2013

Argos, a part of UK-based home and general merchandise retailer Home Retail Group, is gearing up to revive its stores and digital divisions with an investment of £300m over the next three years.

Under the revival plan, Argos is keen to launch touch-screen computers in place of its standard laminated catalogues in stores, introduce fast track queues to collect online orders and offer wi-fi within stores.

The retailer also plans to shut down nearly 75 stores as it decided not to renew leases.

Argos, meanwhile, has appointed Bertrand Bodson as digital director of the company to oversee the revival plan.

Managing director John Walden said that the company is delighted with the appointment of Bertrand during a significant time for the retailer.

"He will spearhead our efforts to make digital channels - online, mobile and tablet - the primary experiences for our customers, while making the most of our 30,000 colleagues and our national store network," added Walden.

"Bertrand and his team will be critical to helping re-invent Argos as a digital business."

Argos has a network of around 735 stores. In the financial year to February 2013, Argos sales were £3.9bn and it employed some 30,000 people across the business.