60 B&Q stores to shut in shake-up

Kingfisher Plc's B&Q DIY Superstores Ahead Of Earnings

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.

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.

The move was announced as it 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.

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