Closure of 60 B&Q stores imminent

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B&Q has announced the closure of a further three stores in Northern Ireland after revealing its plans to close branches at Londonderry and Belfast. The home improvement retailer said that around 300 jobs would be affected.  

Kingfisher, B&Q’s parent company, is currently restructuring its presence in Britainwith plans to close 60 stores in the UK. In contrast, the Home and DIY giant outlined ambitions to open an additional 200 Screwfix stores in its half year trading update. The ‘One Kingfisher Plan’, created by CEO Veronique Laury, is the business’s attempt to unify and consolidate different aspects of the Kingfisher Group into a “single unified company where customer needs come first.” 

As part of a wider revival, Kingfisher is trimming as much fat as it can, with the aim to close 15% 

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