Major excessive avenue model to shut 10 shops as ‘mega sale’ launched – see full listing

On Oct 28, 2024

Major British retailer Homebase is set to close more stores just seven weeks after shuttering 10. Having already shut more than 100 stores since Hilco Capital’s £1 takeover in 2018, it now appears as though DIY brand is on its last legs.

But all hope is not lost for Homebase which currently has around 134 stores.

The 10 set to close were purchased by Sainsbury’s earlier this year with the idea of turning them all into branches of the popular supermarket.

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And it appears as though that is about to happen after all 10 sites erected “closing down” signs with mega sales launched.

Mega sales have been rolled out across the 10 stores
(Image: Getty Images)

Simon Roberts, Chief Executive Officer, J Sainsbury plc said: “Sainsbury’s food business continues to go from strength to strength as we push ahead with our Next Level Sainsbury’s plan. We have the best combination of value and quality in the market and that’s winning us customers from all our key competitors and driving consistent growth in volume market share.

“We want to build on this momentum which is why we are growing our supermarket footprint. Our ambition is to be customers’ first choice for food and these new stores will showcase some of the best that Sainsbury’s supermarkets have to offer to even more communities around the country.”

The stores will turn into Sainsbury's branches — The stores will turn into Sainsbury’s branches
(Image: Getty Images)

According to some local news outlets, at least seven of the Homebase stores will close before Christmas, with the rest closing soon after.

The full list of stores being turned into Sainsbury’s branches is:

Homebase Birmingham Sutton Coldfield
Homebase Bromsgrove
Homebase Cromer
Homebase Derry/Londonderry
Homebase Fareham
Homebase Inverurie
Homebase Lowestoft
Homebase Newark
Homebase Omagh
Homebase Rugby

Speaking earlier this year, Homebase CEO Damian McGloughlin said: “Despite the tough retail conditions we’ve continued to trade ahead of the market and while we’re behind where we planned to be we’re looking ahead to an exciting autumn and Christmas trading.”

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