Argos closes TV shopping channel

Argos is to close its TV shopping channel which it launched in June 2011 on BSkyB. A spokesperson said: “As Argos works towards delivering its ambition to become a digital retail leader, the business has to focus its resources on priority programmes to deliver the key milestones announced to the City in October 2012. Through the process, the future of the Argos TV trials has been assessed and the proposal is to cease operations.”

Argos owner Home Retail Group announced last October that it would be closing or relocating 75 stores over the next five years as it transforms itself from a catalogue business to a leading digital retailer. Home Retail Group aims to generate £4.5 billion of sales for Argos by 2018 and plans to invest £100 million a year in the business over the next three years.