Kingfisher have announced that they plan to expand their B&Q stores into cities and market towns with smaller format stores over the next 18 months.
Their chief executive, Ian Cheshire, told attendees at the Reuters Consumer and Retail Summit on Monday that they have had successful trials in France and Russia and now hope to introduce the concept to the UK. The shops will be 35,000-40,000sq ft in size, and will focus on housewares.
“There’s 60 catchments where there isn’t a B&Q within 20 minutes’ drive time where you have got more than 40,000 people,” he said, adding that these were mostly in densely populated areas such as London or market towns.
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