HOMEBASE is closing ten stores, and a major supermarket is set to take over the affected sites.
Sainsbury’s has agreed to acquire all affected shops.
The stores are expected to change hands next month, potentially leaving a number of Homebase employees at risk of redundancy.
The supermarket chain has said that it will convert all stores into new Sainsbury’s sites.
According to the retailer, once they are converted, the shop floor area of the stores will range from approximately 15,000 to 40,000 square feet and will add a total of around 235,000 square feet to our supermarket trading space.
The acquisition of the stores and refit programme to follow is expected to cost Sainsbury’s £130million.
The Homebase stores Sainsbury’s is acquiring are located in:
Simon Roberts, chief executive officer of Sainsbury’s, said: “Sainsbury’s food business continues to go from strength to strength as we push ahead with our Next Level Sainsbury’s plan.
“We have the best combination of value and quality in the market and that’s winning us customers from all our key competitors and driving consistent growth in volume market share.
“We want to build on this momentum which is why we are growing our supermarket footprint.
“Our ambition is to be customers’ first choice for food and these new stores will showcase some of the best that Sainsbury’s supermarkets have to offer to even more communities around the country.”
