Thursday, September 15, 2005
B&Q
Job losses and store closures at B&Q
Britain's largest DIY retailer, B&Q, announced today that it is to close 22 stores which are "well served" by other B&Q outlets, and it is to downsize 16 of it's huge Warehouse format stores. These giants will become smaller "mini-warehouse" stores with the vacant space being franchised or let to other retailers.
The B&Q store in Station Road, South Shields is categorized as a smaller "supercentre" and it is surrounded by three of the large "Warehouse" format stores in North Shields, Washington, and Sunderland. It is not known if the South Shields store is under threat of closure.
Retailers in general are undergoing particularly tough times this year with a decline in like for like sales being reported by many High Street operators, the future opening of the new Asda supermarket on the Coronation Street site will be a boost in this area of the town, which will likely help B&Q and Wickes increase their "footfall".
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Britain's largest DIY retailer, B&Q, announced today that it is to close 22 stores which are "well served" by other B&Q outlets, and it is to downsize 16 of it's huge Warehouse format stores. These giants will become smaller "mini-warehouse" stores with the vacant space being franchised or let to other retailers.
The B&Q store in Station Road, South Shields is categorized as a smaller "supercentre" and it is surrounded by three of the large "Warehouse" format stores in North Shields, Washington, and Sunderland. It is not known if the South Shields store is under threat of closure.
Retailers in general are undergoing particularly tough times this year with a decline in like for like sales being reported by many High Street operators, the future opening of the new Asda supermarket on the Coronation Street site will be a boost in this area of the town, which will likely help B&Q and Wickes increase their "footfall".
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