Homebase closures: Is your local store to go?


Homebase has revealed the locations of the 42 stores it is planning to close, placing 1,500 jobs at risk.

Sky News reported last week that the company was exploring store closures to save costs.

The retailer is closing the stores via a Company Voluntary Agreement (CVA), a controversial insolvency procedure used by struggling firms to shut under-performing shops.

Hilco Capital, which struck a deal to buy the DIY chain for £1 in May, has been working on the CVA since buying Homebase from Wesfarmers, the Australian group.

Westfarmers admitted earlier this year to a series of “self-induced” blunders as it revealed a £584m impairment charge against the UK business – more than the £340m it paid for it in 2016.

The errors included dropping popular lines for kitchens and bathrooms and underestimating winter demand for a range of items from heaters to cleaning and storage products.

A total of 18 Homebase stores have already been shut this year and the business has also axed 303 jobs at its head office in Milton Keynes.

Homebase says the decision to close more outlets was a “difficult one” and was “not taken lightly”.

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These are the outlets it has identified for potential closure under the CVA proposal:

1. Aberdeen Bridge of Don
2. Aberdeen Portlethen
3. Aylesbury
4. Bedford St Johns
5. Bradford
6. Brentford
7. Bristol
8. Canterbury
9. Cardiff Newport Road
10. Croydon Purley Way
11. Droitwich
12. Dublin Fonthill
13. Dublin Naas Road
14. Dundee
15. East Kilbride
16. Exeter
17. Gateshead
18. Grantham
19. Greenock
20. Hawick
21. Inverness
22. Ipswich
23. Limerick
24. London Merton
25. London New Southgate
26. London Wimbledon
27. Macclesfield
28. Oxford Botley Road
29. Peterborough
30. Pollokshaws
31. Poole Tower Park
32. Robroyston
33. Salisbury
34. Seven Kings
35. Solihull
36. Southampton Hedge End
37. Southend
38. Stirling
39. Swindon Drakes Way
40. Swindon Orbital
41. Warrington
42. Whitby

From – SkyNews


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