Re:IKEA to discontinue its annual catalog, ending a 70-year run
by vidarh on Wednesday February 17, 2021 @09:01AM
(#26166325)
Argos sales have been stable at around 4bn gbp a year in recent years as far as I can tell, but finally reported substantial growth after lockdown shifted most of their sales online. I'm not convinced holding on to their catalog as long as they did has done them any favours.
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Re:IKEA to discontinue its annual catalog, ending a 70-year run
by iso1631 on Wednesday February 17, 2021 @10:40AM
(#26167556)
The growth seen in the area has gone almost entirely to amazon
Re:IKEA to discontinue its annual catalog, ending a 70-year run
by vidarh on Wednesday February 17, 2021 @12:28PM
(#26168920)
The growth I referred to was explicitly Argos, which has seen consistent growth through all of 2020, with Nov/Dec being 8% up year over year.
8% isn't huge, but it contributed to the majority of Sainsbury's overall growth in the period, and it's a massive turnaround for Argos given it's revenues have basically stayed about the same level for a decade.
Re:IKEA to discontinue its annual catalog, ending a 70-year run
by iso1631 on Wednesday February 17, 2021 @03:35PM
(#26171369)
Online sales as a percentage of all retail sales in the UK have been steadily increasing by about 2pp per year for the last decade until 2019 [0]
In 2020 this increased from 19% to 28%, from £76b to £99b [1]
For Argos sales to only be up 8% in 2020, or £320m, isn't good, it took just 1.3% of the extra online sales. Remember also that Argos (on the whole) remained open for collection during the lockdowns inside of Sainsburys.
[0] https://www.ons.gov.uk/businessindustryandtrade/retailindust...
[1] https://www.statista.com/statistics/315506/online-retail-sal...