Bunnings in Harlow turns back into a Homebase

Business / Thu 30th Aug 2018 pm31 05:42pm

IT appears that the Bunnings home improvement store in Edinburgh Way has reverted back to being a Homebase.

The store changed from being a Homebase to a Bunnings last year (2017).

But earlier this week, the front of the large store changed to Homebase.

What has made matters confusing is that staff are still wearing Bunnings tabards etc.

Across the country, Bunnings stores are reverting to they rHomebase brand.

IN some cases it follows a management buy-out where all 24 Bunnings pilot stores will convert to the Homebase brand following completion.

Wesfarmers has agreed to divest the Homebase business in the United Kingdom and Ireland to a management buy-out team led by CEO Damian McGloughlin supported and funded by Hilco, the retail turnaround specialist.

Homebase was acquired by Australian company, Wesfarmers in 2016. The investment has been disappointing for Wesfarmers, with problems arising from poor execution post-acquisition.

Whilst the operating performance of the business has improved in recent months under the new management team led by Damian McGloughlin, Wesfarmers took the decision to exit the UK following a comprehensive review of the business.

We have asked Bunnings press office to set the record straight regarding Harlow. Thy duly pointed us to the Homebase press office. We await a response.

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