‘High hopes’ for Argos

A Skegness business representative has expressed ‘high hopes’ the town’s Argos store will not be among the 75 earmarked for closure by its parent company.

Skegness and District Chamber of Commerce chairman Glenis Brown said she felt the Lumley Road store’s success would safeguard its future despite a growing shift towards digital investment. She said: “I think it’s done more business since it opened than they would ever have expected and I don’t think they will close it.”

Mrs Brown’s encouraging comments follow an announcement from Argos’s parent company, the Home Retail Group, that it would be closing or relocating 75 of around 700 currently operating in the UK.

With declining sales and profits, the company said it would be looking to ‘reposition Argos as a digitally-led business from a catalogue-led business’.

The company said it would look at stores with leases due to expire in the next five years but could not comment on specific stores at the present time.

A spokesperson said: “We are committed to national and local spread of stores. We can not at this stage give details of individual stores which may be affected by this because it will depend on lease negotiations at the time.”