Wickes expands store footprint with acquisition of four Homebase stores
Wickes, the UK’s leading home improvement retailer, today announces that it has acquired the leases of four former Homebase stores.
As part of its ongoing store opening and refit programme, the stores, located in Dunfermline, Bury St Edmunds, Leeds Moor Allerton and Northampton, will reopen later this year under the Wickes brand.
This transaction will enable Wickes to continue with its new store opening programme into catchment areas which do not currently benefit from a Wickes store, as the business continues to invest in its strategic growth levers. These stores will be refitted and modernised in line with the new Wickes format, which is proven to resonate with customers and deliver a strong return on capital employed.
David Wood, Chief Executive of Wickes, comments:
"We are delighted to be acquiring these former Homebase stores and welcoming all colleagues currently working there into the Wickes family. The acquisition of these four stores is a further boost to our ambitious store opening programme as we look to grow the Wickes brand, helping even more customers with their home improvement projects so they can feel house proud."
David Wood Chief Executive of Wickes
The Dunfermline, Bury St Edmunds and Leeds Moor Allerton stores will cease trading as Homebase stores on 3rd March 2025 and all 55 employees will remain in their jobs as Wickes employees. Wickes exchanged an agreement to take the lease on the Homebase store in Northampton in July 2024, prior to the administration. The store is currently closed for redevelopment.
Media
Will Smith, Eleanor Evans
PR Advisers to Wickes
+44 (0)203 805 4822
wickes@headlandconsultancy.com
About Wickes
Wickes is a digitally-led, service-enabled home improvement retailer, delivering choice, convenience, value and best-in-class service to customers across the United Kingdom, making it well placed to outperform its growing markets. In response to gradual structural shifts in its markets over recent years, Wickes has a balanced business focusing on three key customer journeys - TradePro, DIY (together reported as Retail) and our project-based Design & Installation division.
Wickes operates from its network of 228 right-sized stores, which support nationwide fulfilment from convenient locations throughout the United Kingdom, and through its digital channels including its website, TradePro mobile app for trade members, and Wickes DIY app. These digital channels allow customers to research and order an extended range of Wickes products and services, arrange virtual and in-person design consultations, and organise convenient Home Delivery or Click-and-Collect.