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Homebase is set for administration

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By *hagTonight OP   Man
1 week ago

From the land of haribos.

Have you also heard the news and are you as surprised as me that homebase could be heading for a partial collapse?

As a result with the partial collapse, it is putting thousands of jobs at risk, there are some good news and that is, that there is a chance that it could be saved, reports are coming in that chris dawson who owns the range homeware outlets is planning a last minute rescue deal where he would buy 70 homebase stores.

What is your view about it and why it havent it gone so good for homebase, is it because of brexit or because more and more people are ordering things online instead?

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By *iker JackMan
1 week ago

Wolverhampton

The problem is now that with places like Homebase and Wilkos going bust is that it allows places like B&Q to monopolise the market

Curry’s is the only main high street electrical sales shop so they have little or no competition other than on line

The issue for me is that supermarkets now mainly sell everything from food to DIY to electrical to furniture to all of it and everything in between.

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By *tephanie63Woman
1 week ago

BRIDGWATER

Homebase is actually in Administration, not partially collapsed. The Range is buying The brand and 70 of the stores. I think a good question here is wether it's a good thing for The Range to be acquiring Brands in this way, thus wiping out more competition.

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By *tephanie63Woman
1 week ago

BRIDGWATER


"The problem is now that with places like Homebase and Wilkos going bust is that it allows places like B&Q to monopolise the market

Curry’s is the only main high street electrical sales shop so they have little or no competition other than on line

The issue for me is that supermarkets now mainly sell everything from food to DIY to electrical to furniture to all of it and everything in between.

"

That's true about Currys, I want a new cooker and it's the only place I can go to look at one... They merged with PC World, there's a bit of a pattern of big names buying up rivals..

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By *iker JackMan
1 week ago

Wolverhampton


"Homebase is actually in Administration, not partially collapsed. The Range is buying The brand and 70 of the stores. I think a good question here is wether it's a good thing for The Range to be acquiring Brands in this way, thus wiping out more competition. "

This is my point and even when you think you’re shopping in separate stores they still have the same top line owner. There’s very little options now

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By *arakiss12TV/TS
1 week ago

Bedford

I would have thought Argos step in as they are parked in a Sainsbury at the moment. Or Argos not the power it used to be.

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By *iker JackMan
1 week ago

Wolverhampton


"I would have thought Argos step in as they are parked in a Sainsbury at the moment. Or Argos not the power it used to be."

I’ve never understood Argos. You buy a product you’ve never seen!

And what happened to Index

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By *arlot o scaraWoman
1 week ago

Hell


"I would have thought Argos step in as they are parked in a Sainsbury at the moment. Or Argos not the power it used to be.

I’ve never understood Argos. You buy a product you’ve never seen!

And what happened to Index"

Didn’t Argos buy them out?

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By *ranny-CrumpetWoman
1 week ago

The Town by The Cross

My heart skipped a beat when I heard this on the news

Great thread.

People need to know about this.

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By *idnight RamblerMan
1 week ago

Pershore

The glory days of DIY have passed into history.

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By *tephanie63Woman
1 week ago

BRIDGWATER


"I would have thought Argos step in as they are parked in a Sainsbury at the moment. Or Argos not the power it used to be."

Sainsbury's bought Argos when they were going bust. Argos is Sainsbury's now ..

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By *tephanie63Woman
1 week ago

BRIDGWATER


"I would have thought Argos step in as they are parked in a Sainsbury at the moment. Or Argos not the power it used to be."

They aren't parked at Sainsbury's, Sainsbury's own Argos..

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By *tealthbomber2024Man
1 week ago

southend-on-sea

Nah, not surprised, standard practice. Stash the cash for yourself, don't pay employees, rinse repeat.

Your jobs are expendable, end of.

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By *tephanie63Woman
1 week ago

BRIDGWATER


"Nah, not surprised, standard practice. Stash the cash for yourself, don't pay employees, rinse repeat.

Your jobs are expendable, end of."

That was the case with Wilko, they screwed their staff over .

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By *tealthbomber2024Man
1 week ago

southend-on-sea

No protections for peasants, remember that.

Get your bases covered, your bills low, cohabit with fabbers to save bills, avoid the avocado on toast and those 70" tv power bills :D :D :D

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By *tealthbomber2024Man
1 week ago

southend-on-sea

Remember philip green and his wife with arcadia? Absolute rinse and MP's waved it, no surprise. Very dissapointed with them, no christmas cards...

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By *aughtynorthern1Man
1 week ago

Carlisle

Lost our store to a B&M ages ago. Used them online over summer for a paint order and they were very slow. OVerall screwfix, Wickes, toolstation and B&Q usually beat them on anything DIY related so it's no surprise. It is sad though as the HOmebase of 20 years ago was a decent store!

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By *hagTonight OP   Man
1 week ago

From the land of haribos.


"The problem is now that with places like Homebase and Wilkos going bust is that it allows places like B&Q to monopolise the market

Curry’s is the only main high street electrical sales shop so they have little or no competition other than on line

The issue for me is that supermarkets now mainly sell everything from food to DIY to electrical to furniture to all of it and everything in between.

"
Yes, one of the problems is the supermarkets, as they are selling the same things too.

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By *hagTonight OP   Man
1 week ago

From the land of haribos.

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By *ittle Miss TinkerbellWoman
1 week ago

your head

They've been going bust for the last few years. Stores on private land were sold off, plenty of staff have already lost their jobs as transfers aren't always practical. The last three or four companies that owned them just ran them more into the ground while promising to save them.

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By *cotlad178Man
1 week ago

falkirk

They been going downhill over the last decade atleast can remember when i lost both of my closest stores years ago when it was bought by an Australian??

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By *ools and the brainCouple
1 week ago

couple, us we him her.


"I would have thought Argos step in as they are parked in a Sainsbury at the moment. Or Argos not the power it used to be.

I’ve never understood Argos. You buy a product you’ve never seen!

"

Isn't this the basis of buying stuff online, except with Argos no delivery charges and some Muppet doesn't throw your new purchase over next doors fence

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By *ittle Miss TinkerbellWoman
1 week ago

your head


"They been going downhill over the last decade atleast can remember when i lost both of my closest stores years ago when it was bought by an Australian?? "

That was Bunnings. They had no idea on how the UK worked and didn't last long before they sold it on again.

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By *ohnjones3210Man
1 week ago

Chester

Those old companies have resisted change. They've become profitless.

If you think about it, imagine the sheer cost of rent of a homebase. It's massive. Really massive.

Look who the current masters are; Toolstation and Screwfix.

Why?

Because they are bloody good at what they do. They have the entire stock list of those kinds of shops, in a small warehouse, with rents 20 times smaller! They're extremely efficient, they're up with the times, they've exploited online sales... Footfall isn't profitable anymore. It costs far too much to have showrooms and so on.

Simply put, those old shops are stuck in 90's style sales techniques, and they don't work in 2024.

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By *cotlad178Man
1 week ago

falkirk


"They been going downhill over the last decade atleast can remember when i lost both of my closest stores years ago when it was bought by an Australian??

That was Bunnings. They had no idea on how the UK worked and didn't last long before they sold it on again. "
didn't know it got sold on again, thanks.

The range went into one of the stores

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By *ittle Miss TinkerbellWoman
1 week ago

your head


"They been going downhill over the last decade atleast can remember when i lost both of my closest stores years ago when it was bought by an Australian??

That was Bunnings. They had no idea on how the UK worked and didn't last long before they sold it on again. didn't know it got sold on again, thanks.

The range went into one of the stores "

Yeah to Hilco who are the current owners. We still have one just but the one where I used to live is boarded up and has been left to rot as it was sold to developers.

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By *cotlad178Man
1 week ago

falkirk

Alot of things sold to developers go that way sadly

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By *d59michelleTV/TS
1 week ago

walsall


"They been going downhill over the last decade atleast can remember when i lost both of my closest stores years ago when it was bought by an Australian??

That was Bunnings. They had no idea on how the UK worked and didn't last long before they sold it on again. "

Launched a rainge of barbecues in the UK winter ?

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By *d59michelleTV/TS
1 week ago

walsall

Look who the current masters are; Toolstation and Screwfix.

Parent companies Travis Perkins and Kingfisher (who also own B&Q )

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By *elvet RopeMan
1 week ago

by the big field


"

What is your view about it and why it havent it gone so good for homebase, is it because of brexit or because more and more people are ordering things online instead? "

Its mainly because its a shit place to shop and has been for years.

They seemed to keep trying to dabble in different markets outside of DIY, a bit half arsed- as well as doing the DIY a bit half arsed.

B&Q & Screwfix (and Toolstation) are so much better at hardware type stuff and for anything else you have specialists like CEF or Plumbase.

Then places like The Range, Dunelm or B&M are better at all the other stuff they kept trying to shoehorn in to the range and thats before you factor in online retailers...basically, poor management for years and i'm surprised its lasted that long.

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