All Homebase articles
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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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News
Homebase 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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Analysis
Retail 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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Prospect Analysis
Homebase (SWOT)
Homebase is a key player in the home and general merchandise market, although its market share will have fallen back somewhat following the disruption caused by the rebranding to Bunnings, and the subsequent closure of more than a third of its stores. However, it can benefit from the recent growth in the home and DIY sector.
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Prospect Analysis
Homebase (People)
Damian McGloughlin, former B&Q retail director, has led the turnaround at Homebase since becoming CEO in 2018.
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Prospect Analysis
Stores at Homebase
Homebase shuttered 42 loss-making stores from late 2018 to reduce its store network. Recently it has been trialling smaller store concepts, including Decorate by Homebase and Bathstore and Kitchens by Homebase.
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Prospect Analysis
Technology strategy at Homebase
Hilco has been investing in digital infrastructure to support the turnaround of the brand and launched a new website in March 2021.
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Prospect Analysis
Homebase (Overview)
Home and DIY retailer Homebase, which has been owned by turnaround specialist Hilco since 2018, has emerged from a major turnaround plan, spearheaded by CEO Damian McGloughlin, and is now embarking on a 3-year growth plan.
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Prospect Analysis
Homebase (Strategy)
Home and DIY retailer Homebase, which has been owned by turnaround specialist Hilco since 2018, has recently emerged from a major turnaround plan, spearheaded by CEO Damian McGloughlin. It is now moving forward with a 3-year plan for growth and is seeking a potential new investor to accelerate the agenda.
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Prospect Analysis
Homebase (Financials)
A robust performance in the year to December 2020 marked the conclusion of the 3-year turnaround programme kicked off by Hilco, with like-for-like sales surging 11.3% and the retailer moving firmly back into the black at both the operating and pre-tax level.
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Prospect Analysis
Ecommerce at Homebase
Homebase signed a 10-year partnership with THG Ingenuity platform to ‘fast-forward’ its digital plans in 2020 and launched its new website, complete with a host of new features, in March 2021.
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Prospect Analysis
Customer and marketing at Homebase
Continuing to expand the product range with leading brand partnerships to make Homebase a single destination for home and garden products has been set as a key tenet in the group’s three-year plan for growth that was outlined at the end of 2020.
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Prospect Analysis
Supply chain at Homebase
Homebase has entered into a partnership with Relex Solutions to automate and optimise its supply chain processes from April 2022.
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News
Theo 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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Gallery
Store 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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Prospect Analysis
Homebase (Outlook)
Homebase has made serious strides in its much-needed turnaround and invested in areas to support future growth including the product offer, digital development and the customer experience. Due to its “strong financial performance”, Homebase was able to conclude its CVA process 18 months early in June 2020 and by the end of the year had embarked on a search for new owners to drive the next phase of its transformation.
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News
Homebase 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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Opinion
Homebase 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.
