60 B&Q stores set to close in shake-up

B&Q, Bamber BridgeB&Q, Bamber Bridge
B&Q, Bamber Bridge
Home improvement chain B&Q is to close as many as 60 stores over the next two years as part of a restructuring of its UK and Ireland business.

Parent company Kingfisher, which also owns Screwfix, plans to axe about 15% of surplus space as a result of the review of its 360-strong B&Q estate.

The move was announced as it posted a 7.5% drop in annual profits to £675 million after sales fell by 1.4% to £11 billion in the year to January 31.

It is currently not known if any branches in Lancashire will be affected.