J Sainsbury Plc sold its Argos unit for little more than one-tenth of what the grocer paid for it in 2016, underscoring how much online rivals including Temu have transformed UK general merchandise retail.
Source: [Bloomberg Markets](https://www.bloomberg.com/news/articles/2026-07-31/sainsbury-s-agrees-to-sell-argos-division-to-swift-partners)