Homebase collapses with 2000 jobs at risk











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Homebase has gone into administration, putting 2,000 jobs at risk. Despite efforts by its owner, Hilco, to sell the struggling retailer, only 70 stores were purchased by CDS Superstores, the owner of The Range, saving around 1,600 jobs. The remaining 49 stores are still in search of a buyer, with no immediate layoffs. • The company's struggles have been attributed to factors like reduced consumer spending, high inflation, and supply chain issues. • Homebase has faced significant losses in recent years, worsened by the cost-of-living crisis. • • #JobsAtRisk • #Administration • #Restructuring • #RetailSector • #EconomicCrisis • #Inflation • #CostOfLiving • #StoreClosure

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