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Homebase

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Early in its history, Homebase used its Sainsbury's experience to move into using central warehouses from which to deliver its stock. By the 1990s, it was receiving the vast majority of its stock into central warehouses, then delivering it to stores. Homebase still receives a few direct deliveries to
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In February 2018, Wesfarmers reported losses relating to the takeover of £57 million in the year to June 2017, and stated that it would begin a review of the business. Wesfarmers sought buyers for the business in March, and by May, had received bids from restructuring firms Alteri Investors and
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On 18 January 2016, it was announced that Australian retailer Wesfarmers, owners of Australia's leading hardware store Bunnings, would acquire Homebase for £340 million, subject to shareholder approval. The transfer of ownership to Wesfarmers took place on 27 February 2016 and afterwards Peter
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On 24 December 2018, Hilco opened its first redesigned store nicknamed BoB (Best of Both) in Orpington. The store featured traditional Homebase "gondola" shelving alongside the Bunnings red racking, with a heavy focus on decorating, moving away from Wesfarmers' primary focus on tools. At that time
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On 25 May 2018, it was announced that Homebase had been sold by Wesfarmers to turnaround specialists Hilco, for a nominal one pound sterling. Hilco took ownership of the business on 12 June 2018. All 24 stores converted to the Bunnings format were rebranded back to Homebase. At the end of August
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In February 2020, it was announced that Homebase had returned to profit earlier than initially forecast, with nearly all of its 164 locations profitable. The company claims that its overhauled website, and the reintroduction of in-store concessions (many of which were removed by Wesfarmers) had
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Wesfarmers announced in June 2016 that it had cancelled the plans by Home Retail Group to close seven stores, and would seek to prevent the closure of eleven others. It described the closure of five additional stores as "unavoidable". It was also announced that
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confirmed in October 2016 that it would remove its concessions trading in 22 Homebase stores by the second quarter of 2017, as Wesfarmers sought to remove all concessions and adopt the same business model as its Australian and New Zealand business.
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In October 1999, Sainsbury's bought Hampden Group, the franchisee of ten Homebase stores in Ireland. In August 2000, the former chief executive of Texas Homecare, Ron Trenter, made an ultimately unsuccessful bid for Homebase. In September 2000,
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Homebase released contradictory statements, the first stating 'The company is not signed up to the Workfare Programme' and the second that 'we have decided to make no further commitment to the Job Centre work experience programme'.
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In July 2024, it emerged that Norton Group Holdings had approached Hilco Capital regarding a Homebase takeover deal, with an insider revealing that a formal sale process was due to begin within the next few days.
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as part of a trial, and opened in February 2017. An additional three were planned to be opened by June 2017, with up to six more completed by the end of the year. The stores adopted a low-cost warehouse model.
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In July 2013, Home Retail Group said the stores in Ireland had not made a profit in the previous five years, and that it intended to close three of the fifteen. In May 2014, Homebase launched the Homebase
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scheme, the United Kingdom's largest retail loyalty card. The Spend & Save card had been used by Homebase since 1982, and was believed to be one of the first store loyalty cards in the world.
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Following a review of the business, Home Retail Group announced in October 2014 that it would close around a quarter of Homebase stores by 2019, and that it would increase the number of Argos and
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and more than twenty other companies who have ended their involvement with workfare. However we are prepared for further protests in the weeks and months ahead should they fail to do so."
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On 22 December 2000, Sainsbury's sold the Homebase chain in a two-part deal worth £969 million: in March 2001, the sale of the chain of 283 stores to venture capitalist
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In April 2013, Homebase faced criticism over a poster in a London store. The poster appeared to highlight the benefits of free labour through work experience, called
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The stores identified for closure in the CVA were planned to close by the beginning of 2019. Homebase secured a £95 million asset lending contract with
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as a couple. Morrissey and Ash were the face of the brand for six years, until March 2005, when Homebase launched a series of new advertisements created by
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In February 2024, it was reported that Homebase had made heavy losses in the previous year, with Hilco continuing to look for a buyer. It was reported that
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No other infrastructure, and no merchandise stock were acquired as part of the transaction, although staff in these Focus stores transferred to Homebase.
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Protest groups called Homebase's scheme a "profit driven attack" on workers and benefit claimants, adding "We hope Homebase will soon join,
2055: 1179:"Homebase to be rebranded Bunnings after Wesfarmers completes £340m acquisition from Home Retail Group – now what's happening with Argos?" 1204: 1829: 2546: 1386: 2009: 1002: 434: 2581: 1360: 1852: 2298: 895: 1660: 1230: 921: 361:. The goal was to bring a supermarket style layout to the British Do It Yourself (DIY) market. The first store was in 579:
helped it to achieve the reprise. Homebase confirmed that it would exit its CVA earlier than planned by April 2020.
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In May 2009, Homebase discontinued its own loyalty programme, the Spend & Save Card, and replaced it with the
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for £1. Subsequently, Hilco announced that it would close 42 of the chain's stores, and cut 1,500 jobs through a
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Wesfarmers' management was not a success, which had included an attempt to rebrand the business under its
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and ARG. ARG was renamed Home Retail Group, within which Homebase operated until 27 February 2016.
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Bunnings Warehouse, Worle, in 2018 – a Homebase store converted under Wesfarmers' ownership
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In October 2007, Home Retail Group agreed the purchase of 27 leasehold properties from
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Following the sale to Wesfarmers, Homebase left the Nectar scheme on 31 December 2016.
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By the time of the purchase, Texas had staff totalling 11,600, and Homebase had 4,500.
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Homebase had over 170 stores in the United Kingdom, with a further eleven in Ireland.
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in December 2016, from premises previously shared with former sister company Argos.
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Homebase tripled in size in January 1995, when Sainsbury's bought rival store group
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generated £750 million, and the sale of 28 development sites to
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name, and in August 2018, the business was sold to restructuring firm
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from October 2006, until it was sold to the Australian conglomerate
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Bunnings confirmed in November 2016 that the Homebase store in
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was to advise on the turnaround of Homebase under Wesfarmers.
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considered acquiring Homebase, but instead decided to acquire
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with stores across the United Kingdom and Ireland. Founded by
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joined the race to acquire Homebase, but was not successful.
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executive Echo Lu succeeded Paul Loft as Managing Director.
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Davis was appointed Managing Director, succeeding Echo Lu.
1257:"Archie Norman returns to UK retail with Homebase revival" 587:
In November 2020, Hilco placed Homebase back up for sale.
948:"Focus targets Homebase after Wickes yields to £289m bid" 271: 200: 450:
In November 2002, Homebase was sold again, this time to
1878:"Homebase to leave Nectar points scheme at end of 2016" 1830:"Homebase Scrap Spend & Save Card and join Nectar" 1687:"Homebase to exit CVA early after returning to profit" 1334:"Bunnings unveils pilot store plans to BHETA members" 1152:"Homebase bought by Australia's Wesfarmers for £340m" 613:
for £130 million, to be converted into supermarkets.
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concessions within the stores. In April 2015, former
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A Homebase branch incorporating a branch of Argos in
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In August 2024, Hilco sold 10 Homebase locations to
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John Sainsbury, Baron Sainsbury of Preston Candover
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British home improvement retailer and garden centre
1661:"Homebase returns to profit earlier than expected" 695:, featuring the new slogan "Make a house a home." 1925:"Protest at Bristol Homebase over 'workfare' row" 1590:"Homebase Completes Refinancing with Wells Fargo" 1564:"Homebase rescue plan voted through by creditors" 1308:"Bunnings DIY store opening causes Aussie sizzle" 706:in their television adverts. From 2007 to 2008, " 2572:Home improvement companies of the United Kingdom 2538: 1077:"Interim examiner appointed to Homebase Ireland" 807: 805: 1592:(Press release). Wells Fargo. 26 November 2018 714:was used. From 2009 to 2013, "Young Folks" by 429: 349:Homebase was founded by the supermarket chain 2292: 2003: 802: 2056:David Sainsbury, Baron Sainsbury of Turville 1231:"Wesfarmers to save up to 700 Homebase jobs" 654:its stores, from manufacturers and vendors. 582: 388:. The transformation was completed by 1999. 1464:"DIY disaster ends as Homebase sold for £1" 698:From 2005 to 2008, Homebase used the song " 625:Homebase in Antrim, Northern Ireland (2009) 2299: 2285: 2010: 1996: 1512:"Homebase to close 42 stores and cut jobs" 629:The company moved its headquarters within 458:(ARG). In October 2006, GUS split to form 365:, opening on 3 March 1981, located on the 2557:1979 establishments in the United Kingdom 1853:"How loyal to your reward cards are you?" 1280: 1254: 644:, Ireland (May 2007), closed in July 2015 2017: 1850: 1832:(Press release). Homebase. 16 March 2009 1436: 677:From 1999 to 2005, Homebase used former 635: 620: 506: 433: 1957:(Press release). Homebase. 9 April 2013 1658: 1632: 1439:"Potential bidders emerge for Homebase" 1410: 1358: 1202: 1103:"Homebase to accelerate store closures" 971: 919: 538:would be the first to be re-branded as 502: 2539: 1538:"Homebase: The stores that will close" 1490:"Completion of divestment of Homebase" 1384: 1228: 1177:Neilan, Catherine (29 February 2016). 1176: 922:"Ex-Texas chief may join Homebase bid" 2280: 1991: 1919: 1917: 1802: 1359:Appleby, Matthew (9 September 2016). 1127: 571:Capital Finance on 26 November 2018. 64:Home Charm Retail Limited (1970–1982) 2552:Retail companies established in 1979 1780: 1758: 1736: 1710: 1684: 1612:"Homebase Orpington Gets a Makeover" 1203:Appleby, Matthew (14 October 2016). 945: 893: 867: 61:B. Fogel and Co. Limited (1954–1970) 1711:Eley, Jonathan (11 November 2020). 1685:Eley, Jonathan (27 February 2020). 1659:Jahshan, Elias (27 February 2020). 13: 1914: 1851:Smithers, Rebecca (26 July 2012). 1633:Appleby, Matthew (28 April 2017). 1281:Greenblat, Eli (25 October 2016). 1255:Armstrong, Ashley (22 June 2016). 554: 318:in 1979, the company was owned by 67:Texas Homecare Limited (1982–1996) 14: 2593: 1972: 1737:Hill, Eloise (28 February 2024). 1713:"Hilco puts Homebase up for sale" 1385:Butler, Sarah (5 February 2018). 896:"Sainsbury's tipped to buy Texas" 657: 2547:Companies based in Milton Keynes 1803:Hardy, Emily (31 October 2016). 1437:Espinoza, Javier (23 May 2018). 972:Bennett, Neil (1 October 2000). 946:Shah, Saeed (1 September 2000). 920:Rankine, Kate (25 August 2000). 870:"Sainsbury's buys out Texas DIY" 856:We are HHGL Limited t/a Homebase 725: 357:retailer GB-Inno-BM in 1979, as 34: 2051:Alan Sainsbury, Baron Sainsbury 1947: 1892: 1870: 1844: 1822: 1796: 1781:Hill, Eloise (29 August 2024). 1774: 1752: 1730: 1704: 1678: 1652: 1626: 1604: 1582: 1556: 1530: 1504: 1482: 1456: 1430: 1411:Withers, Iain (31 March 2018). 1404: 1378: 1352: 1326: 1300: 1274: 1248: 1222: 1196: 1170: 1144: 1121: 1095: 1069: 1043: 1017: 991: 894:Cope, Nigel (13 January 1995). 868:Cope, Nigel (26 January 1995). 648: 284:Footnotes / references 242:£3.2 million profit (2019) 2306: 1614:. InsightDIY. 24 December 2018 1229:Misiri, Talya (23 June 2016). 965: 939: 913: 887: 861: 833: 780: 758: 672: 1: 2582:2018 mergers and acquisitions 2195:Sainsbury's Calais Wine Store 1880:. BT. Love Money. 8 June 2016 1759:Hill, Eloise (21 July 2024). 1128:Tugby, Luke (19 March 2015). 974:"Home Depot in Homebase race" 752: 616: 592:B&M European Value Retail 562:company voluntary arrangement 339:company voluntary arrangement 1955:"Homebase Twitter Statement" 1025:"Sainsbury's sells Homebase" 640:A former Homebase outlet in 480:. The new look stores had a 70:Homebase Limited (1996–2016) 7: 2205:Sainsbury's Freezer Centres 430:Home Retail Group ownership 418:, parent of Homebase rival 108:; 45 years ago 10: 2598: 2516:WA Chip & Pulp Company 1492:. Wesfarmers. 11 June 2018 344: 18: 2500:Australian Railroad Group 2492: 2475: 2452: 2436: 2427: 2365: 2344: 2321: 2314: 2228: 2187: 2171: 2150: 2109: 2023: 999:"Homebase sale completed" 583:Hilco exploration of sale 282: 266: 256: 246: 238: 228: 193: 166: 152: 122: 118:(as Sainsbury's Homebase) 102: 91: 77: 54: 42: 33: 21:Homebase (disambiguation) 2506:Gascoyne Trading Company 2188:Former formats/interests 841:"Terms & Conditions" 693:Abbott Mead Vickers BBDO 2163:Sainsbury's Active Kids 2046:John Benjamin Sainsbury 1051:"GUS snaps up Homebase" 184:Chief Financial Officer 177:Chief Executive Officer 160:Republic of Ireland: 11 2256:Shaw's and Star Market 645: 626: 512: 447: 2324:& office supplies 2220:Mobile by Sainsbury's 639: 624: 596:Norton Group Holdings 510: 437: 2215:Sainsbury's Pharmacy 2037:John James Sainsbury 1005:on 27 September 2007 716:Peter Bjorn and John 503:Wesfarmers ownership 359:Sainsbury's Homebase 175:Damian McGloughlin ( 19:For other uses, see 2398:First Choice Liquor 2229:Former subsidiaries 2200:Sainsbury's Central 2151:Customer programmes 798:on 14 January 2019. 664:Nectar loyalty card 258:Number of employees 158:United Kingdom: 152 154:Number of locations 30: 2393:Coles Supermarkets 2142:Sainsbury's Online 2041:Mary Ann Sainsbury 1057:. 21 November 2002 1031:. 22 December 2000 680:Men Behaving Badly 646: 627: 540:Bunnings Warehouse 513: 456:Argos Retail Group 448: 403:. 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Index

Homebase (disambiguation)

Trade name
Limited company
Subsidiary
home improvement
Milton Keynes
Buckinghamshire
Chief Executive Officer
Chief Financial Officer
DIY
Paint
Bathstore
Hilco Capital
homebase.co.uk
trading as
home improvement
garden centre
Sainsbury's
GB-Inno-BM
Home Retail Group
Wesfarmers
Bunnings Warehouse
Hilco
company voluntary arrangement
Sainsbury's
Belgian
Croydon
Purley Way
Texas Homecare

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