Get 40% Off
💰 Buffett reveals a $6.7B stake in Chubb. Copy the full portfolio for FREE with InvestingPro’s Stock Ideas toolCopy Portfolio

Argos to offer same-day delivery to households across Britain

Published 07/10/2015, 00:10
Updated 07/10/2015, 00:19
© Reuters. An Argos sign is seen outside a store in London
HOME
-

LONDON (Reuters) - Argos will offer same-day delivery to customers across Britain until late evening, which it said would make it the first retailer to provide the service seven days a week.

Deliveries will be available until 10 p.m., as parent company Home Retail (L:HOME), Britain's biggest household goods retailer, adapts to changing customer preferences by transforming Argos from a catalogue-based retailer into a digital-orientated business.

The firm is targeting higher sales from mobiles and tablets and has been seeking to make collections faster and easier.

Last month, however, Home Retail said sales at Argos stores open over a year fell 2.8 percent in the 13 weeks to Aug. 29, due to weak demand for electricals such as TVs and tablets.

Home Retail Chief Executive John Walden said on Tuesday the speed of the new "Fast Track" delivery service, which will cost 3.95 pounds ($6.00), and the range of products available would appeal to customers.

"We believe Fast Track is the next big innovation and brings shopping into the digital age for customers, allowing them to get up to 20,000 products in their hands faster than ever before," he said.

The company said it had created 3,300 driver jobs as part of the new service, including up to 1,000 which it is currently recruiting ahead of the busy Christmas period.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.