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28mm Diameter Sculptural Pole Extendable Curtain PoleExplore our curtain rails, poles and wires Triple track and rod set Single and triple track set Triple curtain rod combination Double curtain rod set Curtain ring with clip and hook Single track end closing set Whether you want to put up curtains or panels, in layers or not, VIDGA curtain rail system offers an easy installation on the wall or ceiling  - a smart solution that looks great too! See VIDGA track systems Curtain rod combination bay window Curtain hook with clip Curtain rod corner connectorSainsbury’s has struck a £1.3billion deal to buy Argos owner Home Retail Group that will see it close around 200 shops across Britain.The takeover is an attempt to compete with online rivals such as US giant Amazon and help both businesses compete on the High Street.The deal will mean shoppers will be able to buy Argos products in Sainsbury’s shops and the supermarket’s customers will have access to Argos’ four-hour time slots for home deliveries.
Sainsbury’s has struck a £1.3billion deal to buy Argos owner Home Retail Group that will see it close around 200 shops across BritainSainsbury’s boss Mike Coupe said the takeover will create the ‘largest non-food’ retailer in the country with more than 2000 shops selling 100,000 non-food products with more than 25 million customers.Argos’ online and mail-order customers will also be able to click ’n’ collect to buy their kettles and bikes from Sainsbury’s stores.Sainsbury’s has 600 supermarkets and 750 convenience stores while there are more than 800 Argos stores. Argos has already been trialling outlets in Sainsbury’s supermarkets and the deal will see more concessions open in the grocer.Mr Coupe described the takeover as baking a bigger cake to create a better and larger business for customers. The deal will mean shoppers will be able to buy Argos products in Sainsbury’s shops and the supermarket’s customers will have access to Argos’ four-hour time slots for home deliveriesHowever one investment manager described it as two struggling retailers ‘propping each other up.’Sainsbury’s first made an offer in November that was rejected, and it was fourth time lucky yesterday when its increased offer was finally accepted.
Sainsbury’s, like other supermarkets, has seen its market share eroded by discount retailers such as Lidl and Aldi, the rise of online shopping and the shift to people shopping little and often rather than large weekly shops. Argos has also been struggling in the face of competition from the likes of Amazon.The deal has raised fears it will mean struggling High Streets are hit with even more empty shops.Many of the leases of Argos’ stores are up for renewal in the next five years and between 150 and 200 shops could be closed and moved into a nearby Sainsbury’s.One shopping centre landlord, Mark Robinson, joint-founder of property company Ellandi which owns more than 20 shopping centres, said: ‘Argos/Sainsbury going through is not great for many town centres across the country. However it MIGHT create world class omni-channel champion IF executed perfectly.’Sainsbury’s trumpeted the clever way it had financed the deal.Although the Sainsbury’s transaction values Home Retail at £1.3billion, Sainsbury’s claims it is actually buying Argos for a mere £250million.