Homebase to close 42 stores, putting 1,500 jobs at risk

High street woes continue as M&S, New Look, Mothercare and Carpetright also shut shopsHomebase is to confirm a wave of store closures that will see at least 42 DIY outlets shut, putting about 1,500 jobs at risk.
The retailer is closing the stores, nearly a fifth of the 250-store chain, via a company voluntary agreement (CVA), a controversial insolvency procedure used by struggling firms to shut underperforming shops. Related: Seven more M&S stores close as restructuring continuesContinue