Home Retail Group has announced it is to close 25% of Homebase stores by 2019. The closures form part of a three year business plan which aims to enable the home improvement retailer to compete with digital and multi-channel competitors. Home Retail Group says that a number of the 323 Homebase stores it owns in the UK are ‘either unprofitable or are in decline’ and a reduction will allow it to engage in a ‘more aggressive store investment programme’.
