Tesco launches pre-Christmas price war on Argos… weeks after it was taken over by Sainsbury’s

TESCO launched a pre-Christmas price war on ARGOS, weeks after it was taken over by rival SAINSBURY’S.

It said it would check its prices against Argos’s on 8,000 products.

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It is also cheekily launching a catalogue, something Argos has been famous for since 1973.

The items Tesco is challenging Argos on include toys, games, electrical goods and homewear.

It will include Argos’s prices alongside its own on certain products in stores and online.

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The move is a major test for Sainsbury’s, preparing for its first Christmas with Argos.

The Tesco catalogue, available in close to 900 of its stores, will feature some toys it expects to be bestsellers, including Hatchimals and Nerf Nstrike Hyperfire.

Tesco has taken out ads in national newspapers promoting toys.

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Figures yesterday from the Office for National Statistics show retail sales weaker than expected in September, but there is still no signs of a post-Brexit slowdown.

Sales, up 0.1 per cent on August, were 4.1 per cent higher than September 2015, below forecasts.

— THREE former Tesco execs, Carl Rogberg, 49, Chris Bush, 50, and John Scouler, 48, are due to stand trial in September 2017 over fraud charges relating to an accounting scandal at the chain.

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