By Reuters
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LONDON - British supermarket group Sainsbury's said on Thursday its Argos general merchandise business will exit the Irish market, closing its 34 stores there and impacting 580 jobs.
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Sainsbury's purchased Argos for 1.1 billion pounds ($1.4 billion) in 2016. Its strategy in the UK has been to close standalone Argos stores, while opening outlets within Sainsbury's supermarkets. However, the group does not have a supermarket presence in Ireland.
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