Terry Duddy, Chief Executive of Home Retail Group, outlined the plans for a new-look Argos business:
We have also concluded a comprehensive business review of Argos which highlighted a clear opportunity to transform the business through increased investment in digital technologies.
The transformation plan aims to deliver growth by repositioning Argos as a digitally-led business from a catalogue-led business, leading the market growth of digital commerce through online, mobile and tablet, and offering customers more products with the fastest, most convenient fulfilment options.
This plan provides the right approach for Argos to achieve a long-term sustainable performance and profit recovery.
More top news
The wife of a British aid worker held by Islamic State militants has recorded a message to his captors appealing for his life to be spared.
Even if you're having a tough day in the office, it's unlikely to be as difficult as the one facing the director of the US Secret Service.
The first behind-the-scenes photographs of George Clooney and Amal Alamuddin's Venice wedding have been published in a celebrity magazine.