B&Q to shut 60 stores in shake-up

B&Q will close 60 stores
B&Q will close 60 stores
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Home improvement chain B&Q is to close as many as 60 stores over the next two years as part of a restructuring of its UK and Ireland business.

The DIY giant has already confirmed that Dundee is one of six stores earmarked for closure, along with Southampton, Mansfield, Birmingham’s Stetchford Road store, Hyde and Barnsley.

Parent company Kingfisher, which also owns Screwfix, plans to axe about 15% of surplus space as a result of the review of its 360-strong B&Q estate.

It is not currently known how many other stores in Scotland are likely to be affected and B&Q said it is still in the process of telling staff in other stores about closure plans.

It also hopes many staff affected will be re-assigned to its builders’ supplies chain Screwfix.

The move was announced as B&Q posted a 7.5% drop in annual profits to £675 million after sales fell by 1.4% to £11 billion in the year to January 31.