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

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/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...