THE RETAIL BULLETIN - The home of retail news
HOME
RETAIL NEWS
RETAIL EVENTS
Fashion
Department Stores
Shopping Centres & Retail Parks
Home & DIY
Electricals
Health & Beauty
General Merchandise
Entertainment
Sports & Leisure
Retail Solutions
Food & Drink
Interviews
RETAIL INSIGHTS
RETAIL SOLUTIONS
ABOUT US
CONTACT US
SUBSCRIBE FOR FREE
Home and garden DIY trend boosts Kingfisher

Kingfisher has reported a 0.7% rise in like for like sales at B&Q in the UK.

CITY & CORPORATE

Home and garden DIY trend boosts Kingfisher

Kingfisher has reported a 0.7% rise in like for like sales at B&Q in the UK.

Total group sales rose 1% in constant currencies in the 10 weeks to 11 July, but fell 2% on a like-for-like basis.

In the UK, B&Q total

sales grew 1.5% whilst Screwfix sales declined by 6.0% .

Castorama sales grew 1.1% (-0.8% LFL), supported by its modernisation programme. Brico Dépôt sales were down 0.9% (-5.6% LFL), impacted by continued weakening trade demand from a slow down in housing starts and big project planning consents.

Ian Cheshire, Kingfisher's Group Chief Executive, said:

'We have continued to perform well in a tough environment, profitably growing market share, strengthening our leadership position in Europe and progressing our seven point Delivering Value plan. B&Q in the UK was again stronger than anticipated as it continued to capitalise on the growing trend for home and garden DIY, low cost room makeovers and competitor withdrawal in the bigger ticket categories.

'Right across the group our now well established focus on driving profitable sales, whilst vigorously controlling costs and cash, is serving us well as we trade through these difficult times.'

Email this article to a friend

You need to be logged in to use this feature.

Please log in here

Subscribe For Retail News

RETAIL EVENTS

Omnichannel Futures Conference 2019
Omnichannel Futures Conference 2019
6 February 2019
Cavendish Conference Centre, London WG1 9DT
A truly omnichannel offering requires an understanding of customer behaviour across all shopping channels and how this should impact your overall business strategy
Customer Engagement Conference 2019
Customer Engagement Conference 2019
5 June 2019
Cavendish Conference Centre, London W1
The 10th Annual Retail Customer Engagement Summit
The HR Summit 2019
The HR Summit 2019
Tuesday 8 October 2019
The Cavendish Conference Centre, London W1
The 11th HR Summit 2019, The Cavendish Conference Centre, London W1, 8 October 2019
AI in Retail Conference 2019
AI in Retail Conference 2019
16 October 2019
Cavendish Conference Center, 22 Duchess Mews, London W1G 9DT
Digitally native competitors and demanding customers are forcing a new perspective in retail. AI and machine learning can help you step up to the challenges; and some ‘small and beautiful’ solutions can increase your conversion rates within just a few weeks.
Payment Roundtable 2019
Payment Roundtable 2019
6 February 2019
The Cavendish Conference Centre, 22 Duchess Mews, London W1G 9DT
The Retail Bulletin Payment Roundtable will raise debate and discussion centred on but not exclusive to improving the in-store payment process