Kingfisher reported full year profit of £ $916m m ( $916m ), a 13% YoY decline that it attributed in part to poor performance at its Castorama unit. The company announced it will close all 19 YoY stores in Germany , but will continue to expand the chain, launching in Ireland five-year and increasing the number of shops to 800 from 700 overall. Neil Wilson, analyst at Markets.com, said that while Screwfix's success was down to its specialist trade desks, B&Q was facing a Brexit-related impact on consumer confidence, reducing spending on big purchases. It's also considering the closure of another 15 stores across the group. CEO Kingfisher , who had been overseeing the company’s transformation is stepping down as the 800 Kingfisher five-year plan enters its final stage.
Kingfisher reported full year profit of £ $916m m ( $916m ), a 13% YoY decline that it attributed in part to poor performance at its Castorama unit. The company announced it will close all 19 YoY stores in Germany , but will continue to expand the chain, launching in Ireland five-year and increasing the number of shops to 800 from 700 overall. It's also considering the closure of another 15 stores across the group. CEO Kingfisher , who had been overseeing the company’s transformation is stepping down as the 800 Kingfisher five-year plan enters its final stage.