High rent costs widen Homebase and Argos Ireland losses

The Irish operations of UK retail giant, Home Retail, Argos and Homebase, both incurred losses last year.

Newly-filed accounts show that pre-tax losses almost doubled at Homebase House and Garden Ltd, increasing by 89% to €9.05m, in the 12 months to the end of last February.

Revenues declined by 4%, from €45.3m to €43.7m.