Kingfisher is planning to launch 250 new stores in the rising markets and at the same time, they want to pick up the pace in already existing markets. Kingfisher will increase the number of stores from 856, to more than 1100 stores. 
The Chief Executive, Ian Cheshire, revealed that Kingfisher has decided to open 16 new stores this year; of which, 6 will be opened in Poland, 4 in Russia and 6 in Turkey.
He said that with the hope that Kingfisher will become a market leader, many stores will be expanded in emerging markets such as Brazil, India and Indonesia.
“We can see the potential in the market. We haven’t yet decided to commit to full expansion, if we felt we couldn’t make money then ultimately you would have to withdraw”, said Cheshire.
Kingfisher is the Europe’s biggest home- improvement retailer by sales. The capital expenditure of Kingfisher is around GBP450 million, which is increased by 45% in this year.
Cheshire is also happy with the recent budget of UK which has been promised GBP250 million of help for the first-time buyers with the cut in fuel duty, as it will directly impact costumer.