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Daily Mirror
Daily Mirror
Business
Levi Winchester

Argos to shut ANOTHER store next week – see if your local shop is closing for good

Argos is set to close another store next week in a further blow for the UK high street.

The retailer will shut its standalone store in Birkenhead, Merseyside - which is located in the Pyramids Shopping Centre - on March 22.

Argos has already closed several stores in recent weeks - with more closures to come as part of a revamp of its business.

The high street chain shut its Coatbridge branch in Lanarkshire, Scotland on March 11, its Coventry City Arcade store on January 7 and its Nottingham City Centre site on January 14.

Argos will close its Cardiff Bay store in July, with its Newport, Wales, branch also to shut forever in the summer.

It comes as part of plans by the retailer to close 50 larger Argos stores before the end of the financial year.

Argos has already announced it will shut all its 34 stores in the Republic of Ireland, with the last of its stores to shut by June 24, 2023.

But the retailer is expanding its presence in Sainsbury’s supermarkets, with plans to have opened 25 locations by the end of March 2023.

Argos expects to have 160 standalone stores and between 430 and 460 Argos counters inside Sainsbury’s supermarkets by March 2024.

As well as closing standalone stores, it was confirmed last month that two Argos depots will close over the next year years, in a move expected to impact 1,400 jobs.

The sites affected are the Basildon distribution centre in Essex and depot at Heywood, Greater Manchester.

But owner Sainsbury's said all staff impacted by the plan would have the opportunity to apply for jobs elsewhere within the company.

Argos isn't the only big name brand disappearing from the high street.

TK Maxx, New Look, B&Q and Wetherspoons are just some of the businesses who have closed branches in recent weeks.

The UK high street previously suffered a tough two years due to the coronavirus crisis, where lockdown measures meant that many popular stores saw a decline in footfall.

In recent months, shops have had to battle against higher prices and staff wages, along with soaring energy bills.

Almost 50 shops closed down every day last year, according to Centre for Retail Research.

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