Possible threat to Falkirk B&Q as closures announced

B&Q has announced it is to close 60 stores over the next two years
B&Q has announced it is to close 60 stores over the next two years

Jobs may be at risk in Falkirk after DIY giant B&Q announced it is to close 60 stores.

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

The move will happen over the next two years and is part of the group’s restructuring of its UK and Ireland business after it posted a 7.5 per cent fall in annual profits to £675 million after sales fell by 1.4 per cent to £11 billion in the year to January 31.

The Dundee, Southampton, Mansfield, Birmingham’s Stetchford Road store, Hyde and Barnsley stores are six that have initially been earmarked for closure according to the company at this stage.

It is not known at the moment if the Falkirk branch will be affected.

B&Q is currently in the process of telling staff in other stores about closure plans and the company says many of the staff affected will be re-assigned to its builders’ supplies chain Screwfix.

The firm’s chief executive Veronique Laury said: “Home improvement is a great market with huge potential and Kingfisher has a strong position within it with further scope to grow in a sustainable way.

“However, it is clear to me that we need to organise ourselves very differently to unlock our potential.”