The retailer has 65 store leases coming up for renewal over the next five years, and says it is planning to close all but 25 of them. This will bring its store numbers to 300. The decision to halt expansion has come from bosses at HRG choosing to focus more on multi-channel development.
Internet sales at the retailer have grown by a quarter year on year and now account for almost 5% of Homebase's total revenue. Its Reserve and Collect sales grew 31% in the 26 weeks to September 1, and now comprise 1.5% of total sales, while website visits are up 20%.
Following the opening of the new Aylesford store proposition, Homebase is continuing with its concession developments, which will now include Laura Ashley and Habitat. The retailer has also continued its programme of garden centre refits to incorporate "inspirational garden displays" - eleven of these refits were completed during the half year, bringing the total to 33.
Despite its sales drop, HRG says Homebase has continued to grow share in the DIY shed market.
26/11/2013 21:07:00storesBy Geoff small
Do anybody know whats happening about the Newbury store is cos everytime i go in there it never that busy and the staff seem fed up all the time. They dont seem to have the range and stock availability as some other stores
24/11/2013 15:40:00closedBy Richard Haas
Homebase Reading calcot closed saturday 23rd november at 1 pm i was in there on the last day and all they had left was about 3 isles not enough to fill a small lorry. Sad for the staff who have done a great job there and will always be remembered by the customers who shop there
31/10/2013 11:58:00By Anonymous
I worked at the homebase Bolton store until it closed a few weeks ago. All staff cared about that place and making it work. Homebase have lost a great team of loyal friendly staff it's a shame the big bosses dont care about there staff what a lovely Christmas present with a shockingly low redundancy payout
26/10/2013 09:31:00agree with tomBy fut
Hi tom i agree with you homebase will disappear but not completely.i worked at bolton till it closed a week ago.they will close about 150 stores over the next few years and have several display stores set up through the country dealing with internet based orders as far as horwich is concerned they will not be closed
25/10/2013 20:07:00By Anonymous
From the half year results: Homebase traded strongly through its peak trading period, recording its best half of like-for-like sales performance since acquisition in 2002, and has now achieved 18 consecutive quarters of market share growth in the shed sector.
As part of Homebase s ongoing management of the store portfolio, a further three stores were closed in the period. This level of store closures is consistent with its plans at the start of the year. Homebase expect to close a total of around 10 stores in the current financial year and will continue to examine the opportunity for store closures, relocations or downsizes as either leases expire or lease break clauses occur. Over the next five years, Homebase has around 70 store lease renewals or break clauses due.
22/10/2013 13:30:00stores closing By ghost
I work for one of the stores ,if ppl were to research a bit more they may have facts. homebase are actually closing stores with lease renewels as u may have heard its one if the ways of saving money last i heard homebase was still making a profit and are a good company to work for
17/10/2013 21:21:00HorwichBy Tom
Are you guys sure? i've been told that bolton and horwich are to go from several people.
Both stores are always empty to be fair, high prices are the killer of any company, that coupled with bad higher up management who don't change with the times. won't be long before Homebase vanishes from the high street for good.
13/10/2013 18:10:00Genuine DiscountsBy Mike
Not surprised their closing a fair few branhces. Flickflack thinks they have genuine discounts. How can a company have 15% or 20% off along with additional offers like 60% off kitchens if the have genuine discounts. Something has to pay the bills wages etc and if they were genuine they could not offer those discounts. They survive by exploiting the consumer as well as their low paid staff. Theyve had a decent run but I think most consumers are getting wise to this outrageous marketing strategy of offering money off a fictional figure they make up
12/10/2013 17:54:00Homebase Horwich is NOT closingBy anon y mous
The homebase in Bolton is closing not the Horwich store.
Sunday premiums were legacy payments and have not been offered on new contracts for at least 5 years, bank holiday payments have not been offered on new contracts for at least 12 months.
09/10/2013 15:33:00After I lost my job...By Chris Sammut
To all those effected. I understand well. Who is looking for what to do next, I might be able to help you guys. I started my own business thanks to a very great company. 07940418212, if interested. It s all over the UK and global round 150 countries. Good luck
07/10/2013 23:01:00redundant staff member By Anonymous
Staff treated like rubbish with these closures maybe they should make some of the big bosses redundant then they will know how it feels. Glad im leaving this company
06/10/2013 11:39:00Homebase HorwichBy mark
Homebase in Bolton is closing. Not Homebase in Horwich
03/10/2013 18:57:00Homebase Horwich to closeBy Mike
Just heard that my local store in horwich bolton is to close, seems ironic as every company who has occupied that building has failed.
02/10/2013 18:13:00Reading CalcotBy Lana Richards
I've phoned Homebase Reading Calcot for information on some ceramic tiles for my bathroom and i wanted blue ones he said they had some in stock so i asked how many have you got he said about a dozen so i asked him are you getting anymore he said they are not getting anymore stock in because they will be closing down November 30th
01/10/2013 21:08:00value for moneyBy flickflack
all you people saying homebase is expensive ought to look a bit closer. they always have good reductions on loads of things at different times, and I think their discounts are genuine
29/09/2013 12:48:00Liskeard Burnt downBy sam morone
After a big fire at the Homebase Liskeard I wonder ifthis is one more store they can add to the list of complete closures, with Argus within Mtrs what they could do is sell both, and the residents could have a decent superstore.
Shame about all the job losses, but Homebase prices were well over the top
18/09/2013 14:09:00the rises and the falls at homebaseBy jfu
I work at one of the homebase stores due to close this october, I have heard that the staff are to get a 2 percent pay rise wow an extra 12p per hour, but dont get excited, staff are going to loose the bank holiday and sunday premium pay! So for example if a member of staff works 6 hours on a bank holiday or sunday they loose 17-64p per day, so you either loose your job or lot of money.I will never step into another homebase store.
14/09/2013 22:37:00More closuresBy Jake Howe
Looks like the store in Camborne, Cornwall is on the closure list now and also Plymouth (the one in Peverell) is looking in a very sorry state and with leases up for renewal shortly will probably close. Not sure exact dates.
11/09/2013 22:29:00amy commentBy jake
In response to amy's comment 1-8-13 you must be a customer because if you were a member of staff, like hundreds of us waiting for our p45's you would be very worried and of course we do sell the same as argos, after all we are owned by the same company(home retail group) just think before you engage your brain..
11/09/2013 21:42:00closureBy unemployed
Well its official store in region 4(northwest) is to close and some staff have been notified by txt thats the homebase way.disgraceful
05/09/2013 19:43:00Homebase closureBy Rachel
I work in Eastleigh store, Hampshire...
We've just been told today that we will be closing nov 23rd..
Sign of the times ....
05/09/2013 19:15:00Store closures & Management changesBy Anon
I work in a South East Store in NW London -our lease is up in 3 yrs time, we have had surveyors round & will be torn down & replaced by housing. Have been told today that the Sales Manager & Service Manager jobs are being axed with one overall job replacing them both - it's disgraceful.
15/08/2013 14:49:00liverpoolBy Helen Shakeshaft
my son works for scs in aintree and they are being told that the homebase will be closing soon and that someone else will be moving in, such a shame as i like shopping there.
14/08/2013 12:40:00closuresBy david white
i am really shocked that they are closing so many stores as i always found them to be so useful and clear on finding what you are looking for , such a shame
12/08/2013 20:29:00SOONBy H
Reading Calcot will close within the next 16 wks there lease runs out in November It has got very poor and all the best staff have left even the ones who have been there more than 10 years and they have never got what i want maybe they not getting the stock in so much and they are making do with the old stock, Plus they already knocked the other building near the store which has been empty for 15 yrs back in march to start building the ground work for the massive IKEA car park and they will build the store where HOMEBASE ,CARPET RIGHT and a BOWLING ALLEY are on. We have got another one in Reading but its on the other side of town. IKEA is the Future now down there.
11/08/2013 09:37:00By N /a
I am also going through redundancy consultations as news of my store Cwmbran closes on 12th October. End of an era after many happy years working there. Very sad day then we leave:(((((
07/08/2013 13:25:00ClosuresBy RobinDasgupp
As previously published the Stores on short leases and not making GP are to close.The communication channel though to staff is appalling.For example Reading Callcot will be demolished to make way for the New Ikea.The staff are not clear on when it will close although Ikea have plans in place !
Homebase have lost thier way and the offer is diluted and confusing.The staff feel unloved and a lot of smoke and mirrors exist giving the false illusion of a "customer facing" business.The customer service levels fall well short of what the business eludes to.The kitchen and bathroom offer is tired and the consumer is no longer falling for the invented "discounts" on offer.The original 10% days which years ago were successful have now turned into "15% off" weekends which erode profit and are so frequent they are expected.A sad demise of a once respected business.
06/08/2013 21:53:00store closureBy jason
Homebase canley is closing down.the current management will not find it hard to get new jobs as deals have already been given to them.46 members of staff will lose there jobs.only 1 member of staff will remain as they are the managers favourite.
01/08/2013 16:35:00I don't see the point in Homebase....By Amy
Personally - I don't see the point in Homebase anymore. They are exactly the same as Argos (home and furniture wise) and too expensive with anything else. All of their plants are dead in the garden centre too! Even dead plants are expensive!
The worst thing is they don't display products correctly or even in the right place. Causing damages and low sales of certain products.
They aren't trying hard enough to win business. And quite frankly - they don't deserve it
29/07/2013 21:45:00administration loomingBy ricky
it looks to me that Homebase has had its day and other similar companys are biting its apple , i have notice that they are over priced on a lot of items and competition is heating up
28/07/2013 02:23:00Found out something regarding leasesBy Matt
I actually work for a homebase store in Region 4 (Northwest) obviously I'm not going to mention which one but I've found out that our lease is coming up in November this year, now as far as i know word coming from the store manager is that they are hoping that the landlord reduces the rent before they sign another lease, however this is becoming quite a worry now and they other day we had people in taking photos and measurements of all the building, apparently they where from head office but they didn't look like they where.
25/07/2013 09:08:00Reading storeBy bob brown
i've heard yesterday that Carpet Right next door to Homebase is closing Dec 13th 2013 so i guess Homebase will close around then to.
22/07/2013 23:50:00SitesBy Jake Howe
Homebase owns the sites for less than half a dozen stores
Having spent a silly amount purchasing the company, and an even sillier amount putting in mezzanine floors, the home retail group have cut capital spend in homebase to a bare minimum in recent months.
A year ago he company was talking about how Maidstone was the new format store, now Battersea seems to be the new format !
Rumours are hat Battersea is showing sales growth following their refit, but nowhere near enough for this ornate to be successful nth verge 50k a week store out of London.
19/07/2013 21:55:00Word of mouth By The one
I work for homebase (can't say which one ) our store makes the weekly budget more often than not , I will add one thing though if homebase was struggling then why are HRG still throwing money investments at stores :) plus does anyone actually know how many homebase stores are owned or leased more like stores closing not being renewed lease wise
18/07/2013 18:21:003 more closuresBy Jake Howe
3 more closures announced this week in Ireland. The Irish chain being put into the uk equivalent of administration.
The 12 remaining stores all have leases of at least a year remaining. Land lords being told now if they do not reduce the rents then the Homebase will close in that location.....some sites in the homebase estate in Ireland, especially those around Dublin, remain good sites for other retailers will show interest so its not looking good for the long time future of homebase Ireland.
17/07/2013 20:23:00CreditBy Dave
Wanting credit from suppliers for items is the most stupid thing i have heard. If a store gets a product back from a customer it must go back to the supplier if thats the agreement. You can not re-sell it. Why would a company want credit then buy the item back in!!
15/07/2013 23:17:00Faulty? returnsBy Vendor Rep
When items are sent back for return, are they realy faulty?, or are the stores just wanting credit?
Items I pick up say faulty on the returns label but have clearly NOT been used!
You should see the amount of Lawn mowers coming back! I counted twelve from one HB, all the same make! And all suspiciously looking new.
WHAT IS GOING ON?
09/07/2013 23:04:00EmployeeBy kayleigh
I work for one of the stores in the South East (can't say which one) but management are putting more and more pressure on staff to reach sales targets, which is virtually impossible some weeks as the store is hardly ever busy except when 15% off weekends are held. Have a horrible feeling it will be one of the stores to close, such a shame as all the staff are lovely, shame the big shots in the company don't see fit to tell staff in advance on whether their jobs are safe or not.
29/06/2013 04:42:00B&Q HastingsBy Vendor rep
Aldi has acquired the B&Q site in Rye Road (Ore), Hastings. It is in the planning application stage to re-develop the site. This information is available from the local Hastings press.
29/06/2013 03:24:00More closures on the wayBy Steve
I work for one of the Homebase stores in the North West and I've been told by my manager that there's going to be very big cuts coming very soon, be it store closures or loss of service manager positions or more.
I know that Preston Queen Street and Liverpool Aintree are hanging in the balance as they are not hitting budgets.
The Southport store has been sold to Sainsburys which are still in talks about the land, all the staff are being made redundant afaik.
It's disgusting how they are treating staff by giving them minimal notice before closures, They are currently reviewing the loss making stores and have only just re-newed leases for another 12-18 months on some stores which kind of sets alarm bells ringing.
Everyone is correct, they are so behind the times they couldn't manage to bounce a ball let alone a company!, they are currently rolling out "prism" which is a internet based system where you can pay for things online and collect instore however the store does not see any money and this affects store budgets each week so kinda shoots themselves in the foot yet they still expect use to hit budget, they don't advertise enough so how can they expect customers to set foot in the door.
I do hope that if stores are closed down that they are either turned into Argos outlets with staff kept on or purchased by other companies who also keep the staff as in this climate it's very hard to find work.
20/06/2013 16:16:00AdministrationBy Mrs Cranfield
I have read a lot of comments on here and it seems to me that Homehase has had its day and its time for a change They may go into administration or be sold to someone else HRG will wash its hands of it soon
18/06/2013 23:03:00More closuresBy Jake Howe
Rumours being that mor than 100 stores are now in severe sales decline (double digit on last year) after a truly dreadful sales performance
Went into a local homebase store today and in the first aisle was paint, CDs, hairbo sweats, dead house plants and light shades.......pretty sure the board of directors are panicking,
14/06/2013 00:14:00Homebase Havant closingBy Vendor rep
I visited this store recently and a member of staff said the store will close on the 21st of June 2013. The site has been sold to a property developer.
30/05/2013 22:15:00ClosureBy Rachel
It's now been confirmed that eastleigh store will be closing. Ths is due to happen in feb 2014
29/05/2013 21:52:00Jake HoweBy Sandra
I thinks its really helpful of you to share your knowledge of the store closures, have you heard of anymore yet to come?
10/05/2013 16:59:00My StoreBy Kylie Cowling
Does Jake Howe Know when HOMEBASE Reading Calcot will close down to make way for the new IKEA Store to be built as i do shop there often and will have to go to the onein Kenavon Drive Reading
09/05/2013 23:52:00another one bites the dustBy Jake Howe
....I have been criticised on here recently for previous postings.
I ahve heard today that Shrewsbury Homebase is going to close next month. If you know differenet please reply and tell me I am wrong and I will happy to take the posting off.
More store closure announcments shortly I am afraid
07/05/2013 22:23:00By jodiie
Anyone know anything about the Eastbourne store?
07/05/2013 16:19:00which stores to go this yearBy michelle cavell
I go in my local Homebase store in Doncaster and find the products are well priced and always got what you want , Does anyone Know which stores are set to close this year ?.
19/04/2013 21:52:00SOONBy Tara clark
I've just heard my local HOMEBASE in Reading will close November 30th This year such a shame as its the only DIY store in that area and the staff are friendly always
15/04/2013 08:17:00redundantBy hue james
i wonder how much notice homebase will give staff before stores close down i expect the min as they prob dont want there staff to leave before hand
11/04/2013 17:56:00known store closuresBy john
Redditch & Worcester bath road will be closing imminently, could be a year or so but they are non profit stores up for lease renewal.
Don't ask me how I know, but I do let me put it that way.
08/04/2013 09:53:00ClosuresBy RobinDasgupp
As you can see the list I published recently was correct. Its pretty easy really - Stores with leases up losing money and not fitting the Image will be shut.Many of these are tired and old and are out of the demographic.The total closures is forecast at 63 with some changing to Argos.
20/03/2013 10:24:00TimberBy larla gush
I JUST WENT TO MY LOCAL HOMEBASE IN READING CALCOT ON MONDAY TO GET SOME PAINT AND THEY HAVE KNOCKED DOWN THE BUILDING NEXT TO IT TO BUILD THE CAR PARK FOR NEW IKEA STORE , WILL NOT BE LONG TILL THE HOMEBASE STORE WILL SHUT NOW I QUESS
15/03/2013 08:44:00It used to be goodBy I escaped
I worked for HB for 16 years , latterly as a Store Manager. I totally agree that when Sainsburys sold HB it was the begnning of the end. The acquisition of Texas was difficult inheriting many poor stores and staff along with some very good staff. The demographic was totaly different. Customer service now seems atrocious, big big mistake. I still have friends in HB in Senior Management , they would leave if they can find an attractive proposition. I think it'll struggle on in a much reduced form. Sadly B&Q is even worse, service is non existent.
10/03/2013 09:51:00Mr Jake HoweBy Steve Parkin
Having read Mr Howes comments i find rather hard to beleive what he says is true about Homebase might close the store at Barnstaple after they have invested a huge ammount in the garden center and a brand new showroom? Has Mr howe an issue with the company i wonder ? In this time of hardship people being made redundant has he ANY feelings for the staff at these stores who migth see his comments
05/03/2013 21:17:00sillyBy rose wells
i think that kenny needs to read into this before putting load of hear say , my local store in Reading Calcot will go shortly i know the girl on the till is looking for other jobs. Shame
04/03/2013 21:04:00Store closuresBy Jake Howe
I wonder if Kenny still thinks I am talking rubbish now. This months board meeting confirmed 2 of the per mentioned closures. More on their way
01/03/2013 22:12:00By the ghost
homebase is going strong and making significant pfrofit
25/02/2013 23:08:00sales now onBy mrs Azahi
i've just read on the internet that Homebase are increasing their discounts in stores that are going to close , i think i will wait till the last 5 days before closing and get 90% off i think.
21/02/2013 23:25:00who caresBy mr smith
im not a huge fan of Homebase , i brought garden products and paint in the past and have always paid more than say if i went elsewhere, i dont even use NECTAR CARD anymore, closing stores dont bother me really.
19/02/2013 21:40:00fill inBy toni clarke
i heard my local store will close soon , supervisors and staff have started to look for alternative employment and some have found other jobs even the Manager , but they have not taken new staff they have filled there positions with staff from other stores so it cant be HEAR SAY.
18/02/2013 22:06:00too much hear say going on here!!!By kenny james
nice to read all the hear say comments and scare mongering by people who havent got a clue!, to put a list of stores that are suppose to be closing without concrete evidence should be backed up with proper evidence.
17/02/2013 10:40:00going By jo r
i worked in a homebase shop and i think its so sad that the internet is taking over and soon there will be NO shops
11/02/2013 17:11:00homebase closingBy mr bang
i ve heard that seven shops will close this year and a further nine next year from a colleague in my local store , the country will not have many stores left, i espect B & Q will gain sales out of it.
10/02/2013 23:18:004 More stores to go?By Jake Howe
I heard today (from a property developer) that Homebase is "actively looking" to get out of 4 South West sites ASAP either by off loading the lease or possibly just throwing in the towel. Bodmin, Taunton, Barnstaple and Honiton. I used to shop in the Barnstaple store as it had a cracking garden centre, really top notch with great quality plants and staff, the current management team seem not to be coping and last time I went in half the plants were dead, a real shame for the staff in these stores....and the plants
15/01/2013 23:40:00HOMEBASE By kate burns
i just read your article on homebase closing 40 stores and i think that this company does not want to end up like MFI, FOCUS DIY, COMET, and HMV maybe whever or not it will save it from the others is a matter of wait and see.
10/01/2013 21:27:00HomebaseBy Not Relevant
I worked for Homebase for 17 years until 2005 (Year of the Manager.......cull) When Sainsbury s some years earlier sadly sold them to Venture capitalists the writing was on the wall, a brilliant company destined to fail, it is with great sadness I read of the imminent demise of many of the stores I either ran or was in some way connected with. It is true that the options the HRG at this economically difficult time dictate that this may be the correct thing to do HOWEVER this could have been avoided much earlier when the decision men integrated Texas and more latterly some Focus stores many of which should never have been converted. Market share and dominance seemed more important than the likely value of the estate in say 10 years forth. Many fine Managers were lost and many ignorant senior ones kept, and look where they are now, perhaps they should have listened to the wise ones rather than dismiss them for what in hindsight was relevant advice. I rest my case and hope those affected can find suitable employment elsewhere
09/01/2013 18:03:00Birmingham closuresBy simon mont
My friend has worked for the business in excess of 15 years and she believes at least 3 stores are scheduled to close in Birmingham area in 2013 due to lease expiring
02/01/2013 11:36:00whos first By james barlow
does anyone know which stores are closing in 2013 is Reading Calcot Going Thanks.
02/01/2013 11:34:00Stores closingBy diyman
Homebase needs to get back to simply trading the space in there stores better as Texas homecare did..Stop this Habitat ..expensive superior image..... with focus Diy gone there can be no excuses to not gaining market increase... otherwise directors board needs shake up and more new blood... they wouldnt except management not reacting in poor performing store ?
23/12/2012 17:32:00here to lateBy julie sutton
i just read in the paper that the HOMEBASE store in HEREFORD is to close down january 19 th 2013 and the staff are having meetings to see if ther will be any alternative employment for any of them with HRG.
23/12/2012 10:03:00purley wayBy el
Store is gone there. shame as i found the few staff there helpful.
20/12/2012 22:37:00Closing DownBy Robin DasGupp
Two in Ireland
Two in Birmingham
20/12/2012 14:46:00no serviceBy samuel mans
i only ever go in HOMEBASE twice a year as i do find the staff a lot less friendly and helpful than B&Q ,B&M HOMESTORES, and WICKES maybe this is to do with staff training . i am not surprised at all that stores are closing really.
19/12/2012 16:56:00gone goneBy craig whitely
i heard from a member of staff that the Reading Calcot store as already shut down this week , staff are in there to tidy up the loose ends. the lease runs out in 2013
19/12/2012 14:51:00RedundantBy Rachel
I believe the lease is up in feb 2014,
Time to start looking else where now :(
19/12/2012 11:58:00leasesBy bob brown
when the lease expires in 2014 , most likely the store will close at the end of the tax year usually in march that year
19/12/2012 10:42:00lost hopeBy debbie scofield
my experience in HOMEBASE is that they do sell a lot of old tack which takes up a lot of space in your house but i find B & Q and WICKES are more your DIY STORES that improve your home.
19/12/2012 07:35:00DisappointedBy Rachel
Tge store I wirk in will be closing in 2014 when the lease expires, I was told that all stores where the lease us set to expire in the next few years will be closed, turns out to be around 65 stores!
18/12/2012 22:36:00black holeBy david black
i think HOMEBASE reason to close 40 stores within next 5 years is because they do not want to end up in a black hole like other retailers FOCUS DIY , MFI , COMET who's fate was liquidation. The sad thing will be for the worker's who will lose there jobs.
14/12/2012 17:39:00Blackwater closingBy Chloe smith
Our local Homebase is being closed in Blackwater near Camberley, there is rumour that they are knocking down the building and replacing it with a Next
10/12/2012 12:17:00WOW 'Really'By mrs mangle
I do shop in HOMEBASE about 3 times a year mostly on 15% weekends as i do find them rather over pricon a lot of items against there rivals like B & Q or WICKES .I Think they are doing the right thing in to bring there stores down to 300 but it will be sad for the management and staff in the stores they are closing losing there jobs.
07/12/2012 21:37:00TO CLOSE DOWNBy debbie
My Friend works in Homebase in the GARDEN CENTRE she been there 15 years and she does not think the store will be open much longer and have not been informed by the company only by what she has read on line and in a magazine. Terrible Really i think
07/12/2012 11:06:00No RespectBy rupert conway
Homebase have got NO RESPECT for the workers who will lose their jobs . My local Homebase lease expires in 2013 and the staff are feathe worst, even thinking it will close by april No member of staff have been informed by Head Office yetnot even Management. Disgrace!.
07/12/2012 09:44:00which onesBy pamala wilson
Anybody knows Which stores are to close and when. i do shop in Homebase and find my local shop empty mostly when i go in there thats all.
27/11/2012 20:21:00Rude!By Rachel
I work for the company and have been informed by my local paper that the store is closing and also now on the website.
I think it is a disgrace that the company don't feel the need to share such information with the staff.
Homebase you are a shambles!!!!
22/11/2012 17:35:00HomebaseBy Richard Pembroke
my local store calcot will close they will build a ikea in its placewhen there lease runs out in 2013
11/11/2012 22:25:00Homebase to close 40 stores over next five yearsBy kenny james
jake howe, the home retail group which is owned by shareholders purchased homebase not argos!!, the announcement of 40 store closures will be mainly a high percentage of stores coming up to the end of there leases and not due to poor performances based on store turnover obviously this will be taking into consideration when leases of stores will be coming up for renewal also in this current struggling financial climate it is wise for any company to diverse there business for which homebase is trying its best to do to survive the difficult times ahead for which also every business in the uk is at the moment also finding difficult as sadly reported quite often lately many companies are going into receivership and going bust, it would obviously be a better long term business decision for homebase to unfortunately have to make the decision to close upto 40 stores and restructure its selling policy wether it be selling paint,timber,dvd's or even kitchen scales than to close the whole 340 stores.
08/11/2012 00:24:00What a waste of MoneyBy Jake Howe
Argos invested millions to purchase Homebase and Millions more to add mezaline floors to most of the estate. Paul Loft and his team have done a terrible job with year on year sales declines despite competition closing (Focus, MFI etc). Homebase never fails to dissapoint nowadays with low stock levels throughouyt the store and a more than a confused offer....what do they sell now, paint, timber, dvd's, kitchen scales?
04/11/2012 19:23:00charmingBy summer johnson
Not very good even the staff haven't been told yet, but then with thats not a suprise with Home retail group!
02/11/2012 22:05:00Homebase to close 40 stores over next five yearsBy Paul Wood
Every Business needs to move forward, however it is a great shame that the staff in the business have to find out by reading it here as there has been no internal announcment. This could have been handled very differently
01/11/2012 13:52:00End of the shedsBy Billbo Baggins
Beware everyone who thinks closing down large stores will help the independent. Watch your backs as we saw with the food retailers when they run out of ways to make money from large stores they go back to the High Street. Look at the likes of Screwfix in Shepton Mallet this won't be the last of these. With logistics set up already to supply trade counters whats to stop them entering a High Street near you?
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