B&Q to close Folkestone store

It has been reported by local press that B&Q is to close its store in Folkestone.

B&Q is to close its store in Park Farm Road, the Herald can reveal.

Members of staff were told of the decision last week, with a number of jobs set to be lost. The company says it is unable to confirm how many full-time and part-time employees it currently has in Folkestone.

A spokesman said: “We have let colleagues at our Folkestone store know that their store is one of those planned for closure next financial year (2016/17).

“Our focus for the coming months is on redeploying as many colleagues as we can within B&Q and the Kingfisher Group.”

In March, Kingfisher confirmed it was to close dozens of B&Q stores across the country following a 7.5 per cent fall in annual profits.

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.”

Source : Folkestone Herald
www.folkestoneherald.co.uk/EXCLUSIVE-B-Q-set-close-Folkestone-store/story-27952878-detail/story.html