The retail giant, Argos, is set to close all of its Irish stores in June. This will affect around 2,000 jobs, with employees being either transferred to other stores or redundancy payments offered. Argos’ closure comes as a surprise as the company had been reported to be doing well by stock market analysts. CEO Trevor Bish said that he did not believe there was a “fundamental shift” in the way people shopped and that there was no need for an expansion into Ireland. The closures come at a time when the Irish retail sector has been struggling, with Shoprite and Lidl both announcing plans to close hundreds of stores earlier this year. The Irish High Court has since ordered Allstate to pay nearly €150 million in backdated taxes and penalties after it found the insurer guilty of tax evasion. What does this all mean for the future of the Irish retail sector? It’s tough to say, but one thing is for sure: with so many stores closing down, it will be harder for consumers to find their favorite brands and products.
Argos is to close all its stores in the Republic of Ireland at the end of June this year.
Argos is to close all its stores in the Republic of Ireland at the end of June this year. The news comes as a shock to many customers, who have flocked to the retailer in recent years for its low prices and wide range of products. Argos has been struggling to compete against online retailers such as Amazon, which have gained a foothold in the Irish market.
The closure of Argos stores is likely to lead to job losses in the Republic of Ireland, where around 4,000 people are employed by the retailer. The company said that it will work with local suppliers and offer refunds and gift cards to customers who have already purchased items from its stores.
Not made this decision lightly
In June, all Argos stores in the Republic of Ireland will close. The decision was not made lightly, as Argos has been a major part of Irish society for over 30 years, but the company believes that it is time to move on and explore new opportunities.
Argos has been struggling to keep up with online retailers such as Amazon and eBay, and it has been unable to make a profit in Ireland for several years. The company has already closed down its UK stores, and it is now looking to focus on its other markets.
The closure of the Irish stores will affect around 1,000 workers, but many of them are expected to be able to find new employment within the retail sector. The company says that it will provide support for those who are affected by the closure, including retraining or relocation assistance.
Michael Meegan from the Mandate union said it was a difficult day for staff
On June 1, all Argos stores in the Republic of Ireland will close. This is a difficult day for staff who have been working at the stores for many years. Michael Meegan from the Mandate union said it was a difficult day for staff. He said that they are sad to see the stores closing but are glad that they can go home to their families after so many years of hard work.
In June, all Argos stores in the Republic of Ireland will close due to financial difficulties. Michael Meegan from the Mandate union said it was a difficult day for staff. “We are really saddened by this news and our thoughts are with all of the employees who are losing their jobs,” he said. “A lot of these people have been with us for many years, and we know that they will be very disappointed. We hope that they will find new employment quickly.” The closing of the stores is likely to have a significant impact on the economy in Ireland, as shoppers in the country have been increasingly turning to online shopping in recent years.