Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Homebase lives on as CDS revives DIY chain within newly branded the range stores

by December 24, 2024
December 24, 2024
Homebase lives on as CDS revives DIY chain within newly branded the range stores

Homebase is set to return in a slimmed-down format after the DIY chain’s collapse last month, with its new owner CDS confirming plans to reopen 70 former stores under the Range Superstores banner.

Each outlet will preserve the Homebase name in garden centre sections, and some will also incorporate Homebase-branded kitchen departments.

CDS, founded by ex-market trader Chris Dawson, intends to launch the first three converted stores on 17 January in Pollokshaws (Glasgow), Christchurch (Bournemouth) and Kings Heath (Birmingham), followed by 10 new openings per month from February. Headquartered in Plymouth, the privately owned retailer operates around 220 sites in the UK and Ireland under the Range and Wilko brands.

Homebase’s online presence will come under CDS’s control in early 2025, and Teneo – the administrator of the defunct chain – is seeking buyers for 49 outlets not included in the deal. During the transition, those remaining stores will continue trading under the Homebase name.

Alex Simpkin, chief executive of CDS, said: “We’re fully committed to retaining the best of Homebase’s heritage while introducing the broader product range and value that customers expect from us as the Range.”

The Homebase acquisition comes on the heels of CDS’s purchase of the Wilko brand in September 2023, after the budget homeware retailer fell into administration. CDS has since opened seven Wilko stores, primarily on high streets and in shopping centres, and plans further locations next year. However, targets to open 40 Wilko outlets this year have been scaled back due to tough competition in the discount retail sector and challenges in finding suitable premises.

Industry observers suggest the dual acquisitions of Wilko and Homebase could prime CDS for a stock market debut, a step it explored but later abandoned some years ago. Simpkin says the company’s “substantial investments in infrastructure” have prepared it for the “next phase of growth.”

He adds that the group is well positioned financially to expand into hundreds of potential sites, moving beyond the more traditional retail parks favoured by the Range to test a variety of store formats and locations.

Read more:
Homebase lives on as CDS revives DIY chain within newly branded the range stores

0
FacebookTwitterGoogle +Pinterest
previous post
Moonpig debuts AI handwriting tool to bring personal touch back to online cards
next post
UK Christmas shopping rebounds with higher spending on high street and online

You may also like

AI startups among winners of Mayor’s tech challenge...

July 24, 2023

Americans reduce retail spending as US inflation bites

December 16, 2022

Hosting environments for complex ecommerce platforms

May 5, 2025

Fears grow as Harland & Wolff nears administration,...

September 16, 2024

NatWest Tells Customers to Visit Branches as Outage...

May 28, 2024

Exponential growth on imports from South Africa to...

August 12, 2022

Microsoft’s new £2.5bn data centres are ‘turning point’...

December 1, 2023

Harley-Davidson Demands Next Destroy ‘Copycat’ Logo T-Shirts

June 3, 2024

Building Opportunities, Inspiring Success: An Exclusive Q&A with...

November 26, 2024

Inventory Best Practices for Seasonal Businesses

November 5, 2024

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • TSA tells Americans their Costco cards won’t fly at airport security despite love for hot dogs

      June 7, 2025
    • Trump announces China will restart rare earth mineral shipments to US after productive call

      June 7, 2025
    • Musk feud presents ‘unprecedented’ dynamic compared to past Trump disputes: expert

      June 7, 2025
    • Snub of Musk’s NASA nominee ally preceded sudden ‘big, beautiful bill’ criticism, Trump feud

      June 6, 2025
    • Supreme Court rules DOGE can access Social Security information

      June 6, 2025
    • US sanctions money laundering network aiding Iran as regime faces nuclear reprimand at IAEA

      June 6, 2025

    Categories

    • Business (8,149)
    • Investing (2,019)
    • Politics (15,558)
    • Stocks (3,134)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved