# Sainsbury's to sell Argos in £120m deal

Sainsbury's has agreed to sell its Argos chain to an unnamed buyer for £120 million, a fraction of the £1.4 billion it paid in 2016. The sale marks a major retreat from general merchandise retailing as the supermarket focuses on food. It underscores the declining value of high-street catalog retailers amid online competition.

**Importance:** 3/5

## Sources

### Business
- [BBC Business](https://www.bbc.co.uk/news/articles/cpw9yrl4p2qo?at_medium=RSS&at_campaign=rss) — Fri, 31 Jul 2026 06:50:41 GMT

### World
- [The Guardian World](https://www.theguardian.com/business/2026/jul/31/sainsburys-to-sell-argos-to-three-retail-veterans) — Fri, 31 Jul 2026 09:47:02 GMT