UK DIY News
Kingfisher to Close 15 Stores in Next Two Years
Kingfisher has confirmed that it considering the closure of 15 underperforming stores over next two years in today's full-year results announcement.
The company said it will take advantage of lease expirations and break options for closing stores.
Outgoing CEO Véronique Laury said in this morning's analyst presentation that nine of the store closures would be at Castorama. No further details were given.
In the analyst presentation, a footnote indicates that eleven stores in total will close in France, suggesting that two French Brico Dépôt stores may also be at risk, although this has not been confirmed.
Analyst presentation footnote:
Source : Insight DIY Team
Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.
Don't miss out on all the latest, breaking news from the DIY industry
