first_img whatsapp HOME Retail Group said yesterday it planned to shut a quarter of Home­base’s 323 branches, blaming excess retail space and the rise of a generation that had fallen out of love with DIY. Chief executive John Walden said the rise of online and growing competition had left the DIY market “over-spaced” while an increasing number of younger “time-starved” people threatened to derail the sector. “As a nation, we are becoming less adept at DIY,” he said. Around 80 stores will shut by 2018, part of a three-year turnaround plan that will see it introduce more Argos and Habitat concessions, sharpen prices and retrain staff.The move could re­sult in 2,000 job losses, but Wald­en insisted it would “work hard” to find new jobs for its staff and intended create more jobs across the business overall.Home Retail posted a 13 per cent rise in underlying profit to £30.9m in the six months to 30 August, with sales up three per cent to £2.7bn. Sales at Argos stores open over a year increased by 2.9 per cent and by 4.1 per cent at Homebase.The company has been transforming its 747-store Argos business from a catalogue chain to a digitally-led busi­ness, targeting more sales from mobile phones and revamping its stores with iPads for browsing and faster check-outs.Around 50 stores will be converted to its new digital format ahead of Christ­mas, the group said. Home Retail is investing £300m in Argos as part of a five-year plan that is targeting a 15 per cent rise in revenue to £4.5bn by 2018. Show Comments ▼ Tags: NULL Kasmira Jefford Wednesday 22 October 2014 8:35 pm Sharecenter_img More From Our Partners Native American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgRussell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgFlorida woman allegedly crashes children’s birthday party, rapes teennypost.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks‘Neighbor from hell’ faces new charges after scaring off home buyersnypost.comUK teen died on school trip after teachers allegedly refused her pleasnypost.comI blew off Adam Sandler 22 years ago — and it’s my biggest regretnypost.comMark Eaton, former NBA All-Star, dead at 64nypost.comWhy people are finding dryer sheets in their mailboxesnypost.comBill Gates reportedly hoped Jeffrey Epstein would help him win a Nobelnypost.comBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comFeds seized 18 devices from Rudy Giuliani and his employees in April raidnypost.com980-foot skyscraper sways in China, prompting panic and evacuationsnypost.comSupermodel Anne Vyalitsyna claims income drop, pushes for child by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryzenherald.comMeghan Markle Changed This Major Detail On Archies Birth Certificatezenherald.comThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar Programinvesting.comThe Military Spent $1 Billion On this New Vehicle, And Here’s The First Lookinvesting.comMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorElvenarIf You Like to Play, this Fantasy Game is a Must-Have. No Install.Elvenar Homebase set to close one in four of its shops whatsapplast_img

Leave a Comment

Your email address will not be published. Required fields are marked *