Kingfisher says focus on smaller stores going forward

LONDON (Reuters) - Home improvement retailer Kingfisher KGF.L will focus on smaller store formats in the future, its boss said on Tuesday.

“We believe in smaller store formats looking forward,” Chief Executive Thierry Garnier told reporters after the group reported a 23% rise in first half profit.

He said he was encouraged by the trial of three B&Q ‘Express’ stores in Britain and wants to trial other smaller formats in other countries.

Garnier added that forming "shop in shop" partnerships with other retailers, along the lines of a recent deal with supermarket Asda WMT.N, and developing click and collect and home delivery services from stores were also key focuses.

Reporting by James Davey; editing by Sarah Young