Overview

• Sainsbury’s says it is in discussions with JD.com regarding a possible sale of Argos.
• The company states no agreement has been reached and there is no certainty any transaction will proceed.
• Sainsbury’s says JD.com could accelerate Argos’s transformation by bringing retail technology, logistics expertise, and fresh investment.
• The supermarket says any terms would include commitments for the benefit of consumers, colleagues, and partners.
• The discussions take place as UK retail faces rising costs and proposed higher business rates, with the BRC warning large stores could be at risk.