|Argos- Looking Smiley as a takeover target|
Sainsbury's have made a bid (rejected) for the turbo charged catalogue chain of outlets Argos(and it's parent Home Retail Group) I'm not sure what the value would be for the Supermarket behemoth - I suspect that they like the supply chain and ground breaking tie-up with E-Bay but fear that Sainsbury's (and others) might put too high a price on this particular 'jewel'.
I was surprised at how much traffic a 'Tweet' of mine mentioning Waitrose generated (not internet breaking but a lot by my modest standards) - retail matters to people and conventional wisdom means that the 'business' pushes to move upmarket, where margins are greater - would Sainsbury's tie-ing itself to a slightly downmarket offering and would the consolidation actually take longer and cost more than anticipated almost definitely yes).
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I'm not against Argos and collected an Ebay placed order this morning - very efficiently handled but for such a big deal I'm not convinced that the synergy is there.
The items I picked up was provided by a company that perhaps has something of a split personality - nice product though.
|really Seaview Shavers?|
Retail in the UK is a fiercely cut throat business with actual deflation currently taking place amongst the aisles - look how Morrison's moved out of the smaller neighbourhood shops business - quite elegantly but I guess at a price - beware CEO's who want to be remembered for cutting big deals, they move on.
|Briefly Morrison's now My Local|
Red 298My shipment wasn't particularly (Fragile) but this is for some that are