Major UK high street retailer Argos in trouble as it's treated like 'unloved child'

Sainsbury's briefly explored selling Argos in September before cutting 2,200 jobs following significant losses. Analyst says retailer is treated like an 'unloved child' The 'unloved child' (Image: yujie chen via Getty Images)

A major UK high street retailer is in serious trouble, with its parent company slammed by experts. Argos "is not performing to the best of its ability" and has been treated like an "unloved child" due to the strategy of its owner Sainsbury's, says an analyst.

The future of Argos was thrust into the spotlight after Sainsbury's confirmed in September that it was in talks to sell the retailer to Chinese e-commerce titan JD.com. However, a day later, Sainsbury's ended the discussions with JD.com.

Since then, the retailer has reported massive losses as it slashe