Homebase narrowed its losses in the second half of 2018 as a turnaround plan under new owners starts to show signs of progress. Homebase narrowed its losses in the second half of 2018 as a turnaround plan under new owners starts to show signs of progress. Operating losses improved by 79.1% to £39.1 million in the half-year to December 30 2018, which compares to a £187.3 million loss in the same period of 2017. However, sales slipped 3.5% to £497.8 million, from £515.6 million in the same period the previous year. Prior to its Hilco takeover, Homebase had 250 stores at its peak and 12,000 staff.

Source: Irish Independent April 17, 2019 09:22 UTC