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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May- 2018 -25 MayDIY
Homebase sold for £1 putting 11,000 jobs at risk
Australian retail group Wesfarmers has sold Homebase to HMV owner Hilco Capital for a token £1. Hilco specialises in restructuring and refinancing other companies and will acquire all Homebase assets, including the brand, its store network, freehold property, property leases and inventory for the nominal amount. Homebase was acquired by…
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10 MayDIY
Homebase receives bid from former Comet owner
Opcapita, the former owner of Comet has put in a bid of an undisclosed amount for Homebase according to Sky News. Homebase owners Wesfarmers are looking to sell the chain following their 2016 takeover and are offering a £100m dowry to any potential buyer. Homebase reported a $97m trading loss…
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2 MayHealth & Beauty
Holland & Barrett reports ninth consecutive year of sales growth
Health and wellness retailer Holland and Barrett has reported its ninth consecutive year of like-for-like sales growth, rising by 4.5%. The group reported growth across all channels and markets. Revenue rose by 7.1% to £656m and operating profit rose to £114m, with online sales increasing by 23.6%. During the year…
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Apr- 2018 -26 AprilDIY
Bunnings reports ‘significant’ decline in sales
Bunning’s retail sales decreased by 13.5% to £211m for the third quarter of the 2018 financial year. The DIY retailer said the severe March weather significantly affected trading, particularly in the seasonal gardening and outdoor living categories. However, Michael Schneider, group managing director, said “satisfactory progress has been made…
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23 AprilDIY
Wesfarmers entices Homebase bidders with £100m dowry
Potential bidders for Homebase are being enticed by a sizeable dowry as its owners Wesfarmers ask for initial takeover bids to be submitted by the 23 April. The Australian owners of the DIY chain are looking for a fast exit from the UK market and sources close to Wesfarmers say…
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Feb- 2018 -21 FebruaryHigh Street
Homebase and Bunnings owner sees profits plummet in 2017
Wesfarmer, which owns DIY stores Homebase and Bunnings, has revealed profits for the second half of 2017 were down by 86.6%. Wesfarmers said that five loss-making Homebase branches were closed between July and December 2017, but it added it was hopeful business would improve during the UK spring and summer.…
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5 FebruaryHigh Street
2,000 Homebase jobs in doubt amid up to 40 closures
Up to 2,000 jobs could be axed at DIY retailer Homebase after it announced the potential closure of 40 stores. Australian firm, Wesfarmers, which owns Homebase’s parent company Bunnings UK (BUKI) said the DIY retailer had “greater than expected losses” and a “poor trading performance”. The firm has booked a…
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