Following a review of its Homebase store chain, Home
Retail Group expects to close a further 23 underperforming stores between now
and March 2015 in addition to the seven which have already been shuttered. This
has led to Homebase managing director Paul Loft resigning from his position as
the business reorganises for the future. It has refitted 26 stores as well as
introduced Argos and habitat concessions into Homebase stores. Homebase
like-for-like sales for the half year to 31st August 2014 had risen
by 4.1 per cent.
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