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B&Q

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B&Q plc
Company typePublic limited company (subsidiary of Kingfisher plc)
IndustryRetail
Founded1969 (Southampton)
FounderRichard Block and David Quayle
HeadquartersB&Q House, Eastleigh, Hampshire, United Kingdom
Number of locations
373 stores (2010)[1][2]
Key people
Euan Sutherland (CEO)
ProductsDIY
Home improvement tools
Gardening Supplies and Plants
Revenue£4,444 million (2009/10)[3][4]
£161 million (2009/10)[3][4]
Number of employees
29,962 (2010)[1][2]
WebsiteB&Q UK website
B&Q China website
B&Q Ireland website

B&Q plc is a multinational DIY and home improvement retailer headquartered in Eastleigh, United Kingdom.[5] It is a wholly owned subsidiary of Kingfisher plc, which is listed on the London Stock Exchange.

B&Q was founded in 1969. It is the largest DIY retailer in China, the second-largest in Europe and the fourth-largest in the world (behind The Home Depot, Lowe's and OBI).[6]

History

A map showing the distribution of B&Q Stores in the UK and the Republic of Ireland as at February 2008

B&Q was founded in March 1969 in Southampton, England by Richard Block and David Quayle.[7]

The store was originally called Block & Quayle, but this was soon shortened to B&Q.[8] The chain quickly expanded and by 1979 there were 26 stores across the UK. By this time, the first of the co-founders had left the business: Block left in 1976 and Quayle in 1982.[9]

B&Q grew rapidly during this time through a combination of mergers, acquisitions and expansions. In 1980, B&Q bought the Scottish company Dodge City, and was itself acquired by F. W. Woolworth Company.[10] F. W. Woolworth's UK subsidiary (Woolworths Ltd.) and B&Q were bought, two years later, by Paternoster, who are now known as Kingfisher plc and are still B&Q's parent company.[11]

The mid 1990s saw B&Q open a new format of store known as The Depot (later adjusted to B&Q Depot).[12] This was a forerunner of a new class of store known as the B&Q Warehouse.

In the late 1990s, B&Q became active in the rest of Europe and the rest of the world. First, in 1995 it co-operated with parent company Kingfisher plc to open its first overseas subsidiary in Taiwan,[13] and in 1996 the first overseas large home improvement center in Taoyuan City, Taiwan. In 1998, it acquired NOMI, Poland's leading chain of DIY stores;[14] later that year B&Q merged with France's Castorama.[15] In 1999 B&Q opened a store in Shanghai,[16] and acquired the British hardware mailorder company, Screwfix. B&Q opened the first store in Hong Kong on 1 June 2007,[17] but was scheduled to close it on 13 September 2009.[18][19] In December 2007, Kingfisher sold its 50pc stake in B&Q Taiwan to its joint venture partner. The $106.5m (£52m) proceeds were used to reduce debt.[20]

In May 2011 it was announced that B&Q had acquired 31 stores from the administrators of the Focus DIY chain.

Operations

B&Q, Grimsby, England
B&Q, Bridge of Dee, Aberdeen, Scotland
B&Q MegaBox, Hong Kong

By 2000 B&Q had 50 of its larger Warehouse stores; this had doubled by 2003. As of May 2007, B&Q in the UK had 331 stores and 39,000 employees.[21] In the Republic of Ireland B&Q operate 9 individual stores.[22] Its 2004/2005 turnover was £4.1 billion and profit £400.5 million,[23] compared to published figures putting turnover at £3.9bn and profit at £162.9m for year ending February 2007.[24] B&Q formerly advertised under the slogan "You can do it when you B&Q it", but this has been adjusted to 'The Real Deal' and 'Lets do it'. In 2011, they launched two new slogans, "What could you do this weekend?" and "Let's Do It Together", and these are designed to promote the teamwork side of B&Q. B&Q sponsored Ellen MacArthur's round the world sailing success in trimaran B&Q.[25]

In the 2008 Superbrands survey, B&Q was voted the 88th out of 500 in a list which aims to establish which brands have the best reputation in the UK.[26] This was the best score in its sector, higher than Jewson, Wickes and Travis Perkins.

Stores

Country Number of Stores
United Kingdom United Kingdom 330 (31 Focus DIY Stores)
China People's Republic of China 57[27][28]
Republic of Ireland Republic of Ireland 9

Awards

In 2007, B&Q won two high profile awards from The Gallup Organization for its HR policies and employee engagement programmes. B&Q was presented with the 2007 Gallup Great Workplace Award which recognises twelve companies for having the world's most engaged and productive workforces. The company also won a further HR Excellence Award for its learning and development strategy and a Diamond Award for vision and commitment on disability following their participation in Disability Standard 2007.[29]

B&Q As An Employer

In 2004, a workforce survey found that racism was rife at B&Q.[30]

In 2011, B&Q was successfully prosecuted and found guilty of racial discrimination.[31]

In 2009 Michael O’Rourke became the tenth person to be killed or injured by falling objects in a British or Irish B&Q store since 1997. [32]

In July 2011, B&Q Ireland Ltd pleaded guilty to failing to ensure a safe workplace and were fined €250,000 at the Dublin Circuit Criminal Court after fencing weighing half a tonne fell and killed a customer.[33]

References

  1. ^ a b [1], Kingfisher Annual Report 2010 UK & Ireland.
  2. ^ a b [2], Kingfisher Annual Report 2010 Other International.
  3. ^ a b [3], Kingfisher Annual Report 2010 Financial Review UK & Ireland.
  4. ^ a b [4], Kingfisher Annual Report 2010 Financial Review Other International
  5. ^ "Company Information." B&Q. Retrieved on 23 August 2011. "B&Q Plc B&Q House Chestnut Avenue Chandler's Ford Eastleigh SO53 3LE"
  6. ^ "Interest rate worries cloud Kingfisher". Reuters. 31 May 2007. Retrieved 28 September 2011.
  7. ^ B&Q Online: From Kitchens & Bathrooms to Sheds & Paving; plus planning tools
  8. ^ Sawyer, Miranda (2004-07-17). "Fear of diy-ing". The Guardian. London. Retrieved 2010-04-26.
  9. ^ B&Q Online: From Kitchens & Bathrooms to Sheds & Paving; plus planning tools
  10. ^ The Woolworths Virtual Museum - the acquisition of B & Q Retail Ltd
  11. ^ Kingfisher plc : Home - Investors - Press releases
  12. ^ History of B&Q : Windsave Wind Turbine System WS1000PS T2 now at B and Q DIY Stores
  13. ^ http://taiwanjournal.nat.gov.tw/ct.asp?xItem=17710&CtNode=118
  14. ^ Western influx underscores potential | Home Channel News | Find Articles at BNET.com
  15. ^ Top 10 dealers on Earth grow 21.7% | Home Channel News | Find Articles at BNET.com
  16. ^ B&Q sets its sights on ambitious store rollout - Shanghai B and Q Building Material Supermarket Co - International Pages - Brief Article | Home Channel News | Find Articles at BNET.com
  17. ^ Kingfisher plc : Home - Media - Press releases
  18. ^ http://www.thestandard.com.hk/breaking_news_detail.asp?id=15345&icid=1&d_str=
  19. ^ http://www.bnq.com.hk/chi/index.php
  20. ^ Fletcher, Richard (2007-12-18). "Kingfisher sells B&Q Taiwan stake". The Daily Telegraph. London. Retrieved 2010-04-26.
  21. ^ B&Q Online: From Kitchens & Bathrooms to Sheds & Paving; plus planning tools
  22. ^ http://www.diy.com/diy/jsp/bq/templates/content_lookup.jsp?content=/bq/stores/ireland_and_channel_islands.jsp#ireland
  23. ^ UK-Wire
  24. ^ "B&Q firm upbeat but profit falls". BBC News. 2007-03-29. Retrieved 2010-04-26.
  25. ^ http://www.teamellen.com/en/article.asp?artid=3110
  26. ^ "Official Top 500, 2008" (PDF). Superbrands. Archived from the original (PDF) on 2008-05-28. Retrieved 2008-02-25.
  27. ^ Killgren, Lucy (2009-03-26). "B&Q closes a third of stores in China". Financial Times. Retrieved 2009-03-26.
  28. ^ | Company Information: China Store List
  29. ^ B&Q won a Diamond Award for Vision & Commitment on Disability after entering Disability Standard run by the Forum on Disability. Results found can be found at disabilitystandard.com
  30. ^ http://www.equality-ne.co.uk/news/articles/1019
  31. ^ http://www.getreading.co.uk/news/s/2086805_guard_wins_race_claim_over_bq
  32. ^ http://www.cieh.org/ehn/bnq_death_probe.html
  33. ^ http://www.independent.ie/national-news/courts/bampq-fined-euro250000-after-falling-fencing-kills-customer-2833160.html

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