B&Q has announced recently its intentions of selling six of its stores as a plan to raise funds for its strategy.
This came after the announcement of its chief executive Veronique Laury who expected this closure as part of her five-year turnaround, which has already caused the closure of 65 stores and affected hundreds of jobs. According to The Times, stores in Birmingham, Croydon, Southampton, Cardiff and another two sites in the North East are concerned with the closure.
The chief executive is planning to bounce back for a strong beginning, yet it is almost half of the period and nothing can be mentioned so far.
She stated: “Transformation on this scale is tough, and there are challenges that we’re working through”.
The retailer is facing one of its hardest periods and many other closures may follow this one.