Mobile version

Search:

Wednesday 8th February 2012

---

You are here: Home | News | Kingfisher sales rise

Kingfisher sales rise

But like for likes were down 1.5 per cent.

B&Q total sales grew 3.7 per cent, and 0.2 per cent on a like for like basis, with sales o f seasonal categories up nearly 20 per cent , compared with the same weather-affected period last year. Outside the UK (which accounts for over half of Group sales), total sales were up 3.9% boosted by a strong performance in Poland. Total sales in France grew 3.3% in a slower market and China sales declined due to a weak housing market and less discounting.

Ian Cheshire, Kingfisher's Group Chief Executive, said: We have achieved sales growth and taken action to improve gross margins and manage costs in all our major markets. As anticipated the UK market remains extremely tough, but we are trading solidly.

Tagged as: b&q | diy | home improvement

Should your colleagues be reading the Retail Bulletin? Let them know about us.