DIY retailer Homebase to close 42 stores, putting around 1,500 jobs at risk

Up to 1,500 jobs are at risk after DIY chain Homebase announced the closure of 42 stores this afternoon. Homebase’s sales performance and profitability declined significantly under the previous ownership over the past two years. In addition, the company has faced an extremely challenging retail trading environment reflecting weak consumer confidence and reduced consumer spending. These factors have had a significant adverse impact on Homebase’s trading position. After a comprehensive review, Homebase has concluded that it... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...