Bunnings chief discusses Homebase

Bunnings chief executive John Gillam says improved results at Homebase will not be instant.

Gillam, who runs the Wesfarmers-owned DIY chain, said Homebase had been "out of stock"  too much but that the business would be improved over time after Wesfarmers' £340m February purchase of the Homebase.

"We are not particularly enamoured with the way it goes to market and … it’s not a particularly well positioned business," Gillam told delegates at an Australian British Chamber of Commerce lunch in Melbourne.

"But we don’t think we have paid too much for a poorly positioned business."

Gillam said plans to open four to six rebranded outlets by June 30 were "on track".

"We’re not going to be too shaken off our path if we are boring people across the next couple of years because we haven’t got any flash results to show,.

"We are generally pretty long-run, long-term focused operators."


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Scaevola

Scaevola

This brilliant summer bedding plant has fan-shaped flowers that give it an elegant look, says Miranda Kimberley.

What the Taylor Review of employment practices means for garden retail

What the Taylor Review of employment practices means for garden retail

Garden centre owners have come down hard against zero-hours contracts following the release of "Good work: the Taylor review of modern working practices".

Is garden centre pricing becoming more competitive?

Is garden centre pricing becoming more competitive?

Good sales this year appear to have masked the continuing pressure on pricing strategies this year as online offerings and exchange rates make their presence felt.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles