EL7.AI
StocksMedium•31 July 2026•
1 min read

Sainsbury's Sells Argos for £120m to Refocus on Core Food Business

Key Facts

1Sainsbury's has agreed to sell Argos to Swift for £120 million.
2Argos will continue to operate within Sainsbury's stores, sell Habitat products, and offer Nectar points.

In a move reflecting the strategic shift among major retailers to streamline operations, Sainsbury's has announced the sale of its Argos unit. Under the agreement, Argos will be divested to Swift for £120 million, a decision driven by Sainsbury's strategy to refocus its management and resources on its primary food and grocery growth.

According to reports, Argos will continue to operate within existing Sainsbury's stores and maintain its current service offerings, including the use of Nectar points and the sale of Habitat products. This divestment follows a period where Argos sales dipped by 0.5% in the first three months of the year, contrasting with a 3.1% rise in overall group sales.

Market context shows that the CBI Distributive Trades index, a measure of retail sales, stood at -26 as of July 27, 2026, improving from a previous -54.