J Sainsbury Plc sold its Argos unit for little more than one-tenth of what the grocer paid for it in 2016, underscoring how much online rivals including Temu have transformed UK general merchandise retail.
Science Bloomberg Jul 31, 2026
Sainsbury’s Offloads Struggling Argos Unit That Didn’t Deliver
J Sainsbury Plc sold its Argos unit for little more than one-tenth of what the grocer paid for it in 2016, underscoring how much online rivals including Temu have transformed UK general merchandise retail.
