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Homebase Altrincham escapes DIY chain’s closure plan

Homebase has confirmed that Altrincham is not one of 42 stores it has decided to close in order to “address the underperformance of the business”.

Homebase has confirmed that Altrincham is not one of 42 stores it has decided to close in order to “address the underperformance of the business”.

The DIY chain announced today that 1,500 jobs were at risk as a result of its decision to close the stores, with rent cuts of about 90% requested on a further 18.

The retailer is following New Look, Carpetright and Mothercare in using a company voluntary agreement (CVA) procedure to shut underperforming shops.

But unlike Mothercare last week, Homebase has for now opted to keep its Altrincham Retail Park store open.

It will however be closing stores in Warrington and Macclesfield, as well as a further 40 around the UK.

Damian McGloughlin, chief executive of Homebase, said: “Launching a CVA has been a difficult decision and one that we have not taken lightly. Homebase has been one of the most recognisable retail brands for almost 40 years, but the reality is we need to continue to take decisive action to address the underperformance of the business and deal with the burden of our cost base, as well as to protect thousands of jobs.

“The CVA is therefore an essential measure for the business to take and will enable us to refocus our operations and rebuild our offer for the years ahead.”

Here’s the full list of stores confirmed to close:

Aberdeen Bridge of Don
Aberdeen Portlethen
Aylesbury
Bedford St Johns
Bradford
Brentford
Bristol
Canterbury
Cardiff Newport Road
Croydon Purley Way
Dublin Fonthill
Dublin Naas Road
Dundee
Exeter
Gateshead
Glasgow East Kilbride
Glasgow Pollokshaws
Glasgow Robroyston
Grantham
Greenock
Hawick
Ilford Seven Kings
Inverness
Ipswich
Limerick
London Merton
London New Southgate
London Wimbledon
Macclesfield
Oxford Botley Road
Peterborough
Poole Tower Park
Salisbury
Solihull
Southampton Hedge End
Southend
Stirling
Swindon Drakes Way
Swindon Orbital
Warrington
Whitby
Worcester Droitwich

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