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Focus is planning to remodel up to 75% of its 180 DIY stores to a smaller convenience format.

Focus, the chain of 250 DIY stores, is to be acquired by US hedge fund Cerberus for a nominal sum.

Focus, the DIY retailer, has started work on the £14m expansion of its distribution centre in Tamworth, and 100 new jobs will be created on completion in November.

Focus has outlined plans to invest about £150m in the development of 50 new DIY stores.

Focus Wickes has sold its Wickes chain of 172 DIY stores to Travis Perkins for £950m.

Focus Wickes is planning to expand its chain of Wickes DIY stores from 138 to 200 over the next five years.

Focus is planning to refurbish 50 of its 430 DIY stores this year.

Focus, the DIY retailer, is planning to open 10 new-format Focus Wickes Warehouses over the next three years, and the first is being launched in Glasgow.