The boss of DIY giants B&Q and Screwfix has issued a statement on the future of its UK stores after pre-tax profits dropped from £1billion to £611million. DIY superstores B&Q and Screwfix are popular for their offerings of DIY tools, decorations, household items and gardening equipment.
But in recent years, the mega stores have seen increasing competition from high street outlets such as Home Bargains, B&M and Wilko. Despite this, Kingfisher, the parent company of both B&Q and Screwfix, has now revealed plans to open more than 100 new shops before the end of 2023..
Kingfisher says it plans to open at least 50 smaller B&Q stores and 60 more Screwfix sites. The smaller stores will look different to the huge megastores shoppers are used to, but will still serve the same purpose.
