Argos will 'likely close or relocate at least 75 stores'

The Home Retail Group currently operates 1,089 Argos and Homebase stores across UK and Ireland. Credit: PA

Home Retail Group's half year results statement warned:

"It is likely that Argos will close or relocate at least 75 stores as their leases come to an end over the next five years."

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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.