Argos stores under threat

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At least 75 Argos stores are likely to close or relocate over the next five years, it was announced today (Wednesday).

Home Retail Group, who own the chain, published their Half Year results which revealed a drop in profits.

The company opened a store in Stornoway less than a year ago and it could be one of the last new stores in the UK as the firm cuts back.

When asked about the future of the local store, a spokesperson for Argos said: “We are committed to national/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.”

Following a review of the business, they plan to push for a stronger online presence with the first digital catalogue due to be launched before Christmas.