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Homebase has announced the full list of 42 stores which are set to be closed.Â
Homebase is set to close 42 stores nationwide. Picture: Steve Parsons/PA WireHomebase is set to close 42 stores nationwide. Picture: Steve Parsons/PA Wire
Homebase is set to close 42 stores nationwide. Picture: Steve Parsons/PA Wire

A total of 1,500 jobs are being put at risk due to the closure of the DIY branches. 

The retailer is closing the stores via a Company Voluntary Arrangement (CVA), a controversial insolvency procedure used by struggling firms to shut under-performing shops.

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Homebase boss Damian McGloughlin 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 under-performance 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.' 

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The firm said it would try to redeploy affected staff.

A total of 16 Homebase stores have already been shut this year and the business has also axed 303 jobs at its head office in Milton Keynes.

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Explaining its predicament, Homebase said: '˜Rental costs associated with stores are unsustainable and many stores are loss-making.

'˜Homebase's sales performance and profitability declined significantly under the previous ownership over the last two years.

'˜In addition, the company has faced an extremely challenging retail trading environment, reflecting weak consumer confidence and reduced consumer spending.

'˜These factors have had a significant adverse impact on Homebase's trading position.'

Here is the full list of Homebase stores set to close

- Aberdeen Bridge of Don

- Aberdeen Portlethen

- Aylesbury

- Bedford St Johns

- Bradford

- Brentford

- Bristol

- Canterbury

- Cardiff Newport Road

- Croydon Purley Way

- Droitwich

- Dublin Fonthill

- Dublin Naas Road

- Dundee

- East Kilbride

- Exeter

- Gateshead

- Grantham

- Greenock

- Hawick

- Inverness

- Ipswich

- Limerick

- London Merton

- London New Southgate

- London Wimbledon

- Macclesfield

- Oxford Botley Road

- Peterborough

- Pollokshaws

- Poole Tower Park

- Robroyston

- Salisbury

- Seven Kings

- Solihull

- Southampton Hedge End

- Southend

- Stirling

- Swindon Drakes Way

- Swindon Orbital

- Warrington

- Whitby