Another Homebase to close with loss of 40 jobs

Homebase in Milngavie is due to close this November with the loss of 40 jobs, after serving the local East Dumbartonshire community for over 30 years. Closure signs have already gone up outside the store and a clearance sale of all stock has begun. 

In April of this year, as part of the Bunnings new strategy for the Homebase estate, the Laura Ashley concession was closed.

This is a significant development and is the second Homebase closure announced within just seven days, as the Dover store was earmarked for closure last week.

Read - Homebase announces closure of Dover store

A member of Homebase staff told the Milngavie Herald: “It’s devastating news for everyone who works here. The store has been here for so long.” A spokesperson for Homebase said: “We can confirm that our store in Milngavie, Glasgow is set to close on 18 November 18, 2017. “Team members at the store have been informed and we are working to support them as much as possible”.

Over 50% of the remaining 245 Homebase stores are what we at Insight DIY describe as 'legacy' stores, i.e. poor performing branches inherited as a result of retailers falling into administration or through acquisition. Many of the poorest performing stores can be traced back to ownership by Payless, Texas, Great Mills and Focus DIY. "In many cases, these stores have not been profitable for over 10 years" said Insight DIY Managing Director Steve Collinge and as a result "we should expect to hear about many more store closures in the weeks and months ahead".

Source: Insight DIY Team

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