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Now parent company Home Retail Group has said that following the consultation a decision has been made that the Llandudno store will also close when the current lease expires.
B&M, boasting over 400 UK stores, is understood to be in talks with Homebase owner Home Retail Group about launching a multi-million pound bid for many of the 80 stores earmarked for closure last month.
Mr Walden said: "There has been no decision to divest Homebase from the Home Retail Group.
In the FTSE 250 Index, Home Retail Group announced its half-year figures and confirmed that it is undertaking a review of Argos.
RETAILERS have enjoyed a springtime boost from favourable weather but Halfords and Argos and Homebase owner Home Retail Group are expected to say trading conditions remain tough when they update the market this week.
Summary: Argos owner Home Retail Group has said annual profits dropped 13 per cent as it revealed the boss of its catalogue chain is stepping down.
ARGOS owner Home Retail Group today said annual profits dropped 13% as it revealed the boss of its embattled catalogue chain was stepping down.
SHARES in Argos owners Home Retail Group took off amid speculation yesterday of a potential bid from supermarket chain Asda.