All Homebase articles – Page 2
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NewsThe owner of Homebase is mulling a sale after a takeover approach from The Range
Homebase owner Hilco Capital is reportedly mulling a sale of the DIY retailer to The Range after being approached regarding a potential takeover.
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NewsHomebase reports heavy losses but on track for profitable 2024
Poor weather and consumer caution left Homebase with heavy losses last year, but the group says it is on track to deliver double-digit profits in 2024.
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NewsHomebase owner sounds out The Range and B&M over potential sale
Homebase could soon be sold since its owner has held talks with a number of potential buyers.
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NewsExclusive: Homebase CFO Andy Coleman steps down
Homebase chief financial officer Andy Coleman has stepped down, Retail Week can reveal.
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NewsWarm bank holiday weather boosts sales at Homebase
Homebase says warm weather over the bank holiday weekend has resulted in its biggest sales week since Easter last year.
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InterviewAnalysis: John Roberts on putting spark back into AO, price pledges and third-party deals
AO boss John Roberts tells Retail Week how he plans to turn the business around with a new streamlined, profit-centric strategy
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Opinion‘As CD&R rescues McColl’s, it’s time to change the narrative on private equity’
After a wretched few days, today finally brought some much-needed certainty for McColl’s 16,000 employees and the 2,000 members of its two pension schemes.
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NewsHomebase teams up with Tesco to launch shop-in-shop concept
Homebase has formed a partnership with Tesco to add its DIY products to the supermarket.
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Opinion‘RIP John Sainsbury – one of Britain’s greatest ever retailers’
Following the death of legendary retailer Lord Sainsbury of Preston Candover, Shore Capital’s Clive Black pays tribute to a man who changed the grocery and retail landscape
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AnalysisRetail 2022: 59 CEOs reveal strategy for the year ahead
Leaders from Gymshark, Currys, Pets at Home, Levi’s and Beauty Pie are among 59 chief executives that have spoken to Retail Week in-depth about their 2022 strategy as part of a major new report
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Retail Navigator Analysis
Homebase (Overview)
Homebase has collapsed into administration with most its stores acquired by CDS Superstores, owner of variety discounters The Range and Wilko. CDS Superstores bought the Homebase brand name and intellectual property, as well as up to 70 of its UK stores. Homebase’s other 49 stores are reportedly set to continue to trade as usual while joint administrator, Teneo Financial Advisory, searches for buyers.
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Retail Navigator AnalysisHomebase (SWOT)
In November 2024, Homebase collapsed into administration with most its stores acquired by CDS Superstores, owner of variety discounters The Range and Wilko. CDS Superstores bought the Homebase brand name and intellectual property, as well as up to 70 of its UK stores. Homebase’s other 49 stores are reportedly set to continue to trade as usual while joint administrator, Teneo Financial Advisory, searches for buyers.
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Retail Navigator AnalysisHomebase (People)
Damian McGloughlin, former B&Q retail director, has led Homebase since becoming CEO in 2018. The retailer was purchased by CDS Superstores in November 2024, with leadership likely to be reshuffled.
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Retail Navigator AnalysisHomebase (Financials)
From the year to December 2021 (FY2021), HHGL has included its operations in the Republic of Ireland (ROI) alongside its UK operations in its accounts and only breaks out sales totals for the two divisions. Group sales (including ROI) slumped 11% to £701.2m in the year to 1 January 2023 (FY2022), against £788.2m the year before, as the cost-of-living crisis hit consumer discretionary across the wider home improvement and home and garden sectors.
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NewsTheo Paphitis and Damian McGloughlin join Stores Week line-up
Theo Paphitis and Homebase boss Damian McGloughlin have joined the growing list of speakers for Retail Week’s Stores Week.
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GalleryStore gallery: Homebase opens first small-format high street shop
As Homebase seeks to trial new high street formats, it has opened its first-ever small-format store in Walton-on-Thames, Surrey.
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NewsHomebase strikes Next shop-in-shop deal as buyers circle
Homebase will open garden centres inside six Next stores from today to coincide with retail’s reopening.
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OpinionHomebase CEO Damian McGloughlin: ‘Experience is the key to relevance’
Homebase boss Damian McGloughlin explains why retailers need to work extra hard to ensure shops are inspirational as online sales soar.
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OpinionMove of the Week: Steve Carson swaps supplements for sofas at ScS
It takes a brave person to trade selling health and wellness products for big-ticket furniture items on the cusp of the deepest economic downturn in 300 years. Fortunately, Steve Carson has never been afraid of a challenge.
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AnalysisAs ‘for sale’ sign is raised over Homebase who might be potential buyers?
Homebase has revealed it is up for sale after returning to profitability. We take a look at who could be in the running to acquire the DIY specialist.
