Homebase is a British home improvement retailer and garden centre. As part of its turnaround strategy, the retailer eliminated everyday low pricing and returned to prices and offers. It has also enhanced its kitchen and lighting offers as well as reintroducing popular ranges such as furniture and soft furnishing in the hopes of becoming “the best place to shop for everything you need for home and garden projects”. Retail Week provides news, analysis, features and opinion about Homebase and the home and DIY sector.
Two of the UK’s biggest retailers are among the names circling a number of Homebase stores following the DIY retailer’s collapse into administration just weeks ago.
From “disappointing” to “clobbered”, the retail backlash to last month’s Budget has only grown with every passing day. The next question is what the sector will do in response?
CDS Superstores, the owner of The Range and Wilko, has completed its acquisition of Homebase’s brand name, intellectual property, and up to 70 of its UK stores.
The Range is circling a deal with Homebase to snap up a chunk of the business that will save almost 1,500 jobs.
DIY specialist Homebase is preparing to start discussions with potential new investors, Retail Week can reveal.
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