Overview
- Sainsbury’s-owned Argos confirmed plans to open a third-party marketplace as a key step in its multiyear transformation led by Graham Biggart.
- The platform will let approved sellers list products that complement Argos’ existing ranges, starting with a handpicked group of partners.
- Executives cite more than one billion annual website visits as a foundation for expanding assortment and improving convenience.
- The move is positioned to compete with established marketplaces including Amazon, eBay and Etsy.
- The update follows holiday trading where Argos sales fell 2.2% over the six weeks to January 3, while Sainsbury’s grocery sales rose 5.1%.