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Argos cuts or freezes over 10,000 lines in new catalogue

Argos launched its brand new autumn/winter range on Saturday, featuring over 43,000 products and has decided to either freeze or cut 10,000 prices and added 8,000 new lines to the collection.

Argos, which is focused on being one of retail’s digital leaders, will follow Amazon and check and update online prices daily as it seeks to leverage the complementary nature of its shops and internet business.

Argos chief operating officer David Robinson said: “As well as having must-have products and top brands, our mission is to be at the forefront of the digital wave, helping customers to browse and buy whenever and wherever they want.

“Supporting our online offer, we are rolling out more digital concept stores which combine the speed and ease of online shopping with the convenience of a physical presence on the high street.”

Argos’s website and apps received nearly 740 million hits over the past year, while mobile shopping rose 89% to account for 18% of total sales. Internet shopping now represents 44% of Argos’s total sales.

Source: Retail Week
http://www.retail-week.com/multichannel/argos-cuts-or-freezes-10000-prices-as-it-unveils-autumn/winter-range/5062636.article

28 July 2014

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