Sunday, September 24, 2017

B&Q to debut small-format store in north London


Home and DIY retailer B&Q is set to debut its small-format store on the high street at the beginning of March when it opens on Holloway Road, north London.

With the “home improver” as its target consumer group, the stripped-back version of B&Q will feature tools and hardware, but not building materials, wood-cutting or other services often found in the larger B&Q outlets.

The decision to open a smaller-format B&Q store comes as Australian DIY retail chain Bunnings began its takeover and conversion of Homebase with the opening of its debut warehouse in St Albans.

READ MORE: Kingfisher steam ahead with turn around plans posting 5.8% growth

In November, B&Q’s parent company Kingfisher PLC has recorded a strong third quarter, with like-for-like sales going up by 5.8 per cent in the three months to October 31, and its overall revenue growing 1.8 per cent to £2.96 billion.

The smaller B&Q stores form part of the parent company’s One Kingfisher strategy.

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