An estimated one in six B&Q stores are going to close, it has been announced today.
It has been reported nationally that about 3,000 jobs will be affected - and that half a dozen stores will be shrunk down alongside the closures.
So far B&Q has confirmed six stores that are earmarked for closure - Southampton, Dundee, Mansfield, Birmingham’s Stetchford Road store, Hyde and Barnsley.
It is not yet clear which other stores are going to be affected by the plans, which will reportedly take place over two years.
There is currently one B&Q store in Towcester Road, Northampton, and a futher two in the north of the county in Meadow Road, Kettering, and the Castlefields Retail Park in Wellingborough.
Chief executive officer of Kingfisher, the store’s parent company, Véronique 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.
“This will involve taking what is essentially a locally managed set of businesses and creating instead a single, unified company where customer needs come first.
“The first step in developing this new organisation is the creation of a new, international leadership team with more focused cross-company roles.”
Kingfisher is also in charge of Screwfix in the UK, and other stores across Europe and Asia.
It has also been reported that some staff at risk of losing their jobs will instead be moved across to Screwfix or to other B&Q stores remaining open.