No word on future of Oban Argos

The future of Oban Argos has not yet been revealed

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The future of Oban Argos appears unclear after the company announced plans to shut 420 branches across the UK.

The move by owners Sainsbury’s will see just 100 standalone stores left by 2024 as part of a far-reaching ‘review’ of its estate.

It plans instead to open 350 smaller Argos stores at existing Sainsbury’s supermarkets.

Collection points for Argos customers could also be added to other supermarkets and convenience stores, it said.

Sainsbury’s was asked about the future of the Oban branch but said it had not yet released a list of those stores closing.

The Oban branch remains open.

A consultation with staff is under way and some will be given a chance to have alternative roles within the business, the company said in a statement.

The majority of Sainsbury’s stores in Scotland are across the central belt with none located in Argyll and Bute.

Since being closed in March, a total of 120 Argos stores have not reopened and will remain closed, Sainsbury’s said.

Simon Roberts, chief executive of J Sainsbury plc, said Argos sales had been strong over the past six months and it had gained almost two million new customers.

Mr Roberts said: ‘Over the next three years we will make Argos a simpler, more efficient and more profitable business while still offering customers great convenience and value and improving availability.

‘We will work really hard to find alternative roles for as many of these colleagues as possible and expect to be able to offer alternative roles for the majority of impacted colleagues.’

‘Given the unprecedented circumstances of this year and the challenges facing our colleagues, I have informed the board that if a bonus is payable, I will waive any bonus entitlement for this financial year.’