CDS Superstores, the parent company of The Range and Wilko, has acquired 70 Homebase stores and plans to rebrand them as The Range Superstores.
The new owners of Homebase have revealed plans to transform the retailer’s stores earmarked for closure. It was announced last month that Homebase had collapsed into administration. But CDS Superstores, the parent company of The Range and Wilko, were able to salvage 70 of the popular retailer’s store. Now, they have outlined plans to keep those stores in business.
The new owners are planning to transform the Homebase stores into The Range Superstores, with revamped branches set to open in Pollokshaws, Glasgow, Christchurch, Bournemouth and Birmingham on January 17, 2025. That initial roll out will be proceeded by the launch of up to 10 new stores every single month next year in a move which they hope will revitalised Homebase. CDS Superstores acquired 70 of the company’s branches. Revamped stores will feature ‘Garden Centres by Homebase’ and certain locations will include ‘Kitchens by Homebase’ to ensure the retailer’s brand name remains present throughout the stores. CDS Superstores hope to convert 70 Homebase locations into the new format by the end of 2025 – opening up a possible 1,600 jobs. Chief Executive of CDS, Alex Simpkin, outlined his intentions to preserve the best aspects of Homebase in the company’s new format. He said: ‘While those Homebase stores acquired by CDS will continue to trade as they are during the transition period, we’re focused on ensuring a seamless transfer of these locations into our new store format.’ The company was put up for sale in July, just a few months before it entered administration. The Homebase brand will continue to trade online under its new ownershi
HOMEBASE THE RANGE RETAIL ADMINISTRATION MERGER
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