Homebase, the former home improvement retail chain, went out of business in 2002.
The company officially became defunct on March 19, 2002, marking the end of its operations after facing financial difficulties.
Understanding Homebase's Closure
Homebase was a publicly traded company headquartered in Irvine, California. It specialized in providing a wide array of products for home improvement, including lumber, tools, hardware, garden supplies, and plants.
The ultimate fate of Homebase was a Chapter 11 Bankruptcy Liquidation, a legal process that results in the sale of a company's assets and the cessation of its business operations to pay off creditors.
Below is a summary of key details regarding Homebase:
| Detail | Information |
|---|---|
| Status | Defunct |
| Defunct Date | March 19, 2002 |
| Fate | Chapter 11 Bankruptcy Liquidation |
| Company Type | Public |
| Headquarters | Irvine, California |
| Key Products | Lumber, Tools, Hardware, Garden Supplies & Plants |
