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Screwfix expansion has created 800 jobs as it closes in on 1,000 store target
https://www.whatjobs.com/news/united-kingdom/uk-business-news/screwfix-expansion-has-created-800-jobs-as-it-closes-in-on-1000-store-target
By Nagasunder in UK Business News, posted February 3, 2023
Screwfix is closing in on its goal of having more than 1,000 stores across the UK, Republic of Ireland, and France as it accelerates its store expansion strategy.
In the last year, the DIY retailer opened 87 stores across the country, which means it now has 870 stores.
Following the successful launch of its website in France, Screwfix opened its first five stores in the country last year.
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The latest openings, which have created over 800 jobs, continue the retailer's 10-year record of opening one store per week.
Chief executive John Mewett said: “The ongoing expansion of our network ensures we continue to bring Screwfix ever closer to our customers.
“In response to sustained demand from tradespeople across the UK, Republic of Ireland and France, we have accelerated our store opening program so that our customers are always near a Screwfix store.
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“Our latest store openings are a testament to the hard work of our colleagues, and we are delighted to have created more than 800 jobs within the local communities our stores serve.”
Due to problems with growing wages and energy costs, Kingfisher, the owner of Screwfix, was obliged to cut £10 million from the top end of its profit estimate.
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Its adjusted pre-tax profit for the entire year is now anticipated to fall between £730 million and £760 million.
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