Homebase has confirmed that Altrincham is not one of 42 stores it has decided to close in order to “address the underperformance of the business”.
The DIY chain announced today that 1,500 jobs were at risk as a result of its decision to close the stores, with rent cuts of about 90% requested on a further 18.
The retailer is following New Look, Carpetright and Mothercare in using a company voluntary agreement (CVA) procedure to shut underperforming shops.
But unlike Mothercare last week, Homebase has for now opted to keep its Altrincham Retail Park store open.
It will however be closing stores in Warrington and Macclesfield, as well as a further 40 around the UK.
Damian McGloughlin, chief executive of Homebase, said: “Launching a CVA has been a difficult decision and one that we have not taken lightly. Homebase has been one of the most recognisable retail brands for almost 40 years, but the reality is we need to continue to take decisive action to address the underperformance of the business and deal with the burden of our cost base, as well as to protect thousands of jobs.
“The CVA is therefore an essential measure for the business to take and will enable us to refocus our operations and rebuild our offer for the years ahead.”
Here’s the full list of stores confirmed to close:
Aberdeen Bridge of Don
Bedford St Johns
Cardiff Newport Road
Croydon Purley Way
Dublin Naas Road
Glasgow East Kilbride
Ilford Seven Kings
London New Southgate
Oxford Botley Road
Poole Tower Park
Southampton Hedge End
Swindon Drakes Way