The restructuring events database contains factsheets with data on large-scale restructuring events reported in the principal national media and company websites in each EU Member State. This database was created in 2002.
Retail Retail Trade, Except Of Motor Vehicles And Motorcycles Retail Trade, Except Of Motor Vehicles And Motorcycles 47 - Retail trade, except of motor vehicles and motorcycles
900 jobs Number of planned job creations
Announcement Date
5 September 2014
Employment effect (start)
1 January 2015
Foreseen end date
31 December 2015
Description
DIY retailer Screwfix has announced plans to open 50 new stores across the UK in 2015. The move is expected to create 900 new jobs. The company, which is owned by the Kingfisher group, has expanded rapidly in recent years. 60 new stores were opened in 2013 and a further 60 were promised for 2014.
The Kingfisher group also includes DIY giant B&Q, though at the moment Screwfix is the best performing brand owned by the group. The latest quarterly results revealed a sales growth of over 20% up to July 2014.
Sources
5 September 2014: Insider Media
Citation
Eurofound (2014), Screwfix, Business expansion in United Kingdom, factsheet number 77519, European Restructuring Monitor. Dublin, https://restructuringeventsprod.azurewebsites.net/restructuring-events/detail/77519.
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