Non-motoring > Wales Tax / Insurance / Warranties
Thread Author: No FM2R Replies: 64
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New Wed 31 Jul 19 13:05 
 Wales - zippy
I see Argos has moved in to many Sainsburys stores after Sainburys purchased the business in 2016 and this must help the business, increasing brand visibility.

Odd that you can buy some things cheaper in the in store Argos than you can in the main Sainburys supermarket.


Argos gets (makes) its suppliers to pay for their products to appear in its catalogue and on its website.

They also charge suppliers a fee for returns and then put all goods in a skip when returned giving the supplier a limited timescale to collect the goods if they want to.

Suppliers can take a discount (about 5%) to not have returns deducted.

Their last accounts showed turnover of £4.2 billion on which they made a loss of £160 million (including a £149 million exceptional items - PPI, restructuring costs etc).

The business has a net worth of £571 million, including goodwill and other intangibles and a TNW of £319 million. There are investments in other companies of £154 million.

I do wonder what Sainbury's long term view is, because if losses continue at these levels (PPI may be a factor) then the net worth of the business will quickly be eroded.

(Amazon's UK turnover for 2018 was about £11 billion).
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