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. 



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