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Sainsbury's' Argos business to exit Ireland

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British supermarket group Sainsbury's said on Thursday its Argos general merchandise business will exit the Irish market, closing its 34 stores there, with the loss of 580 jobs.

FILE PHOTO-An Argos store inside a Sainsbury’s supermarket in Richmond, west London, Britain, June 27, 2022. Picture taken June 27, 2022. REUTERS/Henry NichollsSays investment in Argos Ireland not viablesaid on Thursday its Argos general merchandise business will exit the Irish market, closing its 34 stores there, with the loss of 580 jobs.

Sainsbury's purchased Argos, which sells toys, technology and consumer electronics, for 1.1 billion pounds in 2016.

 

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