Major DIY chain issues update about closures of 74 branches as two stores launch closing down sales
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A MAJOR DIY chain has issued an update on the closure of 74 branches after closing down sales were launched at two stores. Homebase sites in Bridgend and Bangor, Wales, have launched the sales with shoppers posting their discounted finds on Facebook. It comes after closing down signs were spotted at stores in Morecambe, Lancaster, Winchester and elsewhere.
![[Homebase is shutting two sites as it launches closing down sales]](https://www.thesun.co.uk/wp-content/uploads/2025/01/2024-home-improvement-chain-homebase-949133671.jpg?strip=all&w=960)
Homebase crashed into administration in November, but part of the business was rescued by billionaire Chris Dawson, owner of The Range and Wilko. The rescue deal looked to retain up to 70 stores and save 1,600 jobs as well as the Homebase brand, leaving 74 branches and roughly 2,000 employees at risk.
A week later, administrators for Homebase, Teneo, put the 74 stores up for sale. A deadline was set of November 29 for potential buyers to acquire the 74 sites but it's still unclear whether any of them have been saved. The Bridgend branch was one of the sites put up for sale, but unexpectedly the Bangor store was not.
The Sun asked Homebase what date the two shops will close but Teneo declined to comment. However, a spokesperson said all its branches remain open and continue to trade for now, including those acquired by CDS Superstores, which owns The Range and Wilko.
The spokesperson added: "From January 2025, Homebase will transfer around 10 stores each month to CDS which will be relaunched as The Range Superstores. "Talks with prospective buyers for the remainder of the stores are progressing.". The CDS buyout saved approximately 1,600 jobs and up to 70 sites.
