Homebase
This coverage examines Homebase’s performance and strategy within the UK retail sector, focusing on store operations, product ranges, supply chain innovations, and online-offline integration. Reporting explores leadership decisions, financial outcomes, and competitive positioning, offering insights for retail executives, category managers, and professionals in home improvement and DIY retail.
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Feb- 2024 -27 FebruaryNews
Today’s news in brief-27/2/24
Shop price inflation reached its lowest level since March 2022, dropping to 2.5% in February, according to new figures from the British Retail Consortium (BRC). This decline was attributed to easing input costs for energy and fertilisers, resulting in lower food prices. However, non-food inflation remained stable, with clothing prices…
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27 FebruaryDIY
Homebase owner eyes second sale in four years
Hilco Capital has reportedly put Homebase up for sale for the second time in four years after acquiring the business for £1 in 2018. According to reports from The Times, Hilco has already sounded out potential buyers such as B&M and The Range. Hilco originally acquired Homebase from Australian firm…
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12 FebruaryPeople Moves
Dobbies appoints Andy Hannan as commercial director
Dobbies, the garden centre retailer, has appointed Andy Hannan as commercial director to lead its new strategy. With “extensive experience” from across the retail sector, Hannan has previously held senior commercial roles at retailers such as Homebase, Halfords, Jessops and Argos, where he was part of the team that led…
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Sep- 2023 -4 SeptemberHigh Street
EY under fire over Wilko accounts oversight
EY, the auditor of Wilko, has reportedly come under fire for signing off the retailer’s accounts despite the firm warning that it did not have enough funds to cope with a sharp drop in sales. According to reports from This is Money, Wilko has been at risk of insolvency since…
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Aug- 2023 -3 AugustHigh Street
Wilko set to appoint administrators
Budget household and garden retailer Wilko has announced that it has filed a notice of intention to appoint administrators. The news comes as, earlier this year, the retailer was considering selling the company in a bid to secure its future. The retailer, which operates roughly 400 stores across the country…
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Jul- 2023 -25 JulyNews
Dobbies appoints new CEO
Dobbies Garden Centres has announced the appointment of David Robinson as its new chief executive officer. Robinson joins the business from Pets at Home where he was chief operating officer, playing a key role in the business’ success story over the last four years. He has previously worked at Home…
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Jun- 2023 -13 JuneOnline & Digital
THG’s Ingenuity partners with PwC to boost digital commerce
THG’s complete commerce division, Ingenuity, has formed a strategic alliance with PwC to help its brands design, build and run immersive customer experiences online. It said the move will help brands across sectors and categories access leading technology throughout the direct-to-consumer (DTC) spectrum. PwC will lead on the business strategy,…
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12 JuneHigh Street
Wilko calls in advisors ahead of rent cut talks
Wilko has reportedly appointed property advisers ahead of crunch talks with landlords as the group looks to cut rents across its estate. According to Sky News, the group has drafted in property agent CBRE ahead of formal negotiations with shop owners, which are expected to start in the coming weeks.…
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May- 2023 -22 MayHigh Street
Wilko eyes CVA to slash costs
Wilko is considering entering into a company voluntary arrangement (CVA) to renegotiate rents and possibly close some of its stores in a bid to cut costs across the group, according to Bloomberg. Bloomberg reports that the struggling discount chain has reached out to PwC to explore its restructuring options, which…
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Feb- 2023 -27 FebruaryNews
M&S appoints new non-executive director
Marks and Spencer has appointed a new non-executive director, Cheryl Potter, who will join the board as well as the nomination committee from 1 March 2023. Potter has previously worked as the head of the global consumer team at private equity firm Permira, building a highly successful track record as…
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