Homebase loses Laura Ashley concessions

Homebase owner Bunnings has cut ties with its Laura Ashley concessions, consistent with its new strategy of not having concessions.

Homeware and fashion group Laura Ashley will close its concessions within all Homebase stores next year.

The closures will start in the second quarter of 2017. Bunnings' strategy is to cut soft furnishing and concessions from Homebase and introduce more DIY-focussed ranges.

The move follows the £340m acquisition of DIY chain Homebase by Australian retail giant Wesfarmers earlier this year.

Laura Ashley said: "The company does not expect there to be a material impact on the group and anticipates that the majority of trade that it receives from these concessions will be redirected to other Laura Ashley stores and the website operated by the group." 

Four-to-six pilot Bunnings Warehouse stores situated "north of London" will open between February 2017 - at the start of the gardening season - and the end of the financial year on 30 June 2017. 



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

Business Planning - Staff are your greatest asset

Business Planning - Staff are your greatest asset

An effective strategy to retain staff is the best way for any business to avoid a potential recruitment crisis, Neville Stein advises.

Why are small garden centre groups expanding?

Why are small garden centre groups expanding?

After Coolings bought a third site in Kent this October, what is driving garden centres to add extra locations to their offer?

Is targetting younger buyers a distraction for garden centres?

Is targetting younger buyers a distraction for garden centres?

Garden centres may be better off looking towards their traditional demographic than chasing young customers.


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

Horticulture Week Top 100 GARDEN CENTRES 2017

See 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