Suffolk could lose Sainsbury’s and Argos stores as 125 closures revealed

Sainsburys are planning to close 125 Argos stores and supermarkets Picture: ARCHANT

Sainsburys are planning to close 125 Argos stores and supermarkets Picture: ARCHANT - Credit: Archant

Sainsbury’s has announced it will close up to 125 supermarkets and Argos stores in a bid to cut costs.

Sainsbury’s at Warren Heath.

Sainsburys at Warren Heath. - Credit: Archant

Stores across Suffolk could be among those which get the chop as part of the huge shake-up.

However, the group said it is planning to open more stores than it closes.

Argos in Carr Street, Ipswich, is closing down. Photo: Archant.

Argos in Carr Street, Ipswich, is closing down. Photo: Archant. - Credit: Archant

It said it will shut up to 70 stand alone Argos shops and open around 80 within its supermarkets.

MORE: Only Fools and Horses sheepskin brand is back - four years after factory closedWhile 15 large supermarkets and another 40 convenience stores are also earmarked for closure the firm is planning to open around 10 big stores and 110 convenience outlets.

The company declined to say how many jobs would be impacted by the changes.

Earlier this year it was announced Argos is set to close down its site in Carr Street, Ipswich. But it is unclear whether this cut was part of the firm's five year plan.

The plan, led by chief executive Mike Coupe, is set to cut costs by around £500 million over the next five years and comes after the failure of its ill-fated £7.3 billion takeover tilt for rival Asda.

Most Read

Become a Supporter

This newspaper has been a central part of community life for many years. Our industry faces testing times, which is why we're asking for your support. Every contribution will help us continue to produce local journalism that makes a measurable difference to our community.

Become a Supporter