In what may be an unexpected turn of events for many, Sainsbury's has now purchased Argos. Argos is owned by the larger business Home Retail Group and after months of negotiation, Sainsbury's have made a successful deal with them.
Sainsbury's and Argos have long been two of the most well know businesses in the UK and this buyout may be a shock to some. Of course, after such a significant development, Sainsbury's and Argos are both therefore going to experience quite a reshuffle. As many as 200 Argos stores are expected to close, with many of them being merged with Sainsbury's stores. This puts hundreds of jobs on the line.
Nothing is going to change right away, but there's going to be a slow shift throughout the next couple of years. Things are scheduled to really start to change in the third quarter of 2016. So why are Sainsbury's doing this?
Why are Sainsbury's Buying Argos
Sainsbury's view popular eCommerce website Amazon as a competitor. Recently, Amazon has started to sell groceries on their site and have implemented measures to encourage people to do their regular shopping over Amazon. The purchase of Argos by Sainsbury's could almost be viewed as an act of retaliation.
Amazon sell almost everything on their website and have a much, much larger range of products than Sainsbury's. Argos offer a range of products which is almost as broad as Amazon and so by purchasing Argos, they stand a better chance of competing against Amazon who (since they started offering groceries) will have been a much stronger business, in the eyes of some.
What Does This Mean for Customers?
If you're a regular shopper at Sainsbury's or Argos, you might be concerned about how this is going to affect you. The ultimate effect is going to be different for every store.
There will be some Sainsbury's stores, mainly smaller ones, which may not change at all. There are also some Argos stores which will probably continue as usual, other than a little bit of rebranding. It's possible that Sainsbury's will put the Sainsbury's name on Argos shops, but also possible that they'd like things to remain the same for customers.
Many larger Sainsbury's shops offer a selection of clothing, homeware and entertainment products, but nowhere near to the extent of Argos. Once this whole process is complete, many Sainsbury's shops will start to offer a much broader range of products, which could be beneficial to lots of customers. They may even start to offer things like Argos do, by having a catalogue in store.
Using Voucher Codes
But, of course, no matter what happens, there'll always be a helpful supply of offers available to you. If you're a devout Sainsbury's shopper, then you'll probably be interested in our Sainsbury's voucher codes, which can get you £20 off if you spend over £100 on your first offer and other good deals.
Or if you're an Argos fan, then you'll be pleased to hear that we've got a lot of Argos voucher codes too. Right now you can get 25% off if you spend more then £250 on indoor furniture, which is a big saving! There are lots of other deals too.
But on the other side of the coin, maybe you're not interested in either of these businesses because you buy everything from Amazon. Well, we've got a lot of Amazon voucher codes too! Right now you can get up to 70% off selected Amazon products and many other great bargains too.
So keep this piece of news in mind as you go about your on My Favourite Voucher Codes and let us know what you think by tweeting us @MFvouchercodes.