Home Retail to close or relocate 75 Argos stores

Home Retail, owner of the Argos and Homebase brands, warned persistent fragile market conditions mean it will close 75 stores over the next five years.

Home Retail, owner of the Argos and Homebase brands, warned persistent fragile market conditions mean it will close 75 stores over the next five years.

The retailer said reported pre-tax profit rose 74% to £51m, after an exceptional credit of £35m following the closure of its final salary pension scheme.

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