Customers on Argos slump: 'The format is very 1990s'

ITV News Business Editor Laura Kuenssberg asked her Twitter followers why they might have stopped shopping at Argos.

Below is a selection of responses she received:

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@itvlaurak the store format is very 1990s and they are often undercut by the big Supermarkets.

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@itvlaurak Argos is the new (old) Woolworths. You think of it when you can't think of any where else and forget the web will be cheaper.

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@itvlaurak Argos was a great business model prior to the Internet. We all now have an unlimited online catalogue which offers wider choice.

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75 Argos stores closure threat

Argos is to close or relocate 75 stores across the UK over the next five years under plans to "reinvent" the business in online retail. The firm's parent company reported a 37% fall in half-yearly pre-tax profits.