It looks like DIY habits are changing, at least in the UK. Increasingly, home owners tend to pay qualified professionals to handle their home improvement. Kingfishers Plc, the international DIY retailer, ought to know that and as a result, is adapting its offer. Kingfishers owns several DIY brands: Koçtas in Turkey, Castorama and Brico Dépôt in France and B&Q and Screwfix in the UK.
B&Q sells home and garden supplies, mostly to private customers. Screwfix sells tools as well as electrical and plumbing equipment through its 412 stores in the UK, to tradesmen principally. B&Q sales are decreasing while Screwfix's are growing, so its seems logical to adjust the strategy.
The closure of 60 B&Q outlets will occur within the next two years. As for the Screwfix network, Kingfishers wants to expand it with no less than 200 additional stores, with the opening of 60 by the end of the 2016-2017 financial year.
Photo: kingfisher.com
News in the same category
A new Goldsmiths jewelery shop has brought more glitz and glamour to the high street in Nottingham.
It looks as if The Treat Kitchen, situated on Wheeler Gate in Nottingham City Centre is to close down.
Lidl has opened a massive new supermarket in North Bristol on the site of a former bus depot. Located in Muller Street in Horfield, it will be the German discounter’s 12th store within the Bristol area.
River Island, one of the biggest names on the High Street, is set to expand its current offering at The Grafton shopping centre in Cambridge. The company already has a small store at the location.
