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The growth seen in the area has gone almost entirely to amazon
by iso1631 6y ago
The growth seen in the area has gone almost entirely to amazon
- vidarh 6y agoThe 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.
- iso1631 6y agoOnline 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/retailindustry/timeseries/j4mc/drsi https://www.ons.gov.uk/businessindustryandtrade/retailindust... [1] https://www.statista.com/statistics/315506/online-retail-sales-in-the-united-kingdom/ https://www.statista.com/statistics/315506/online-retail-sal...