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
Kingfisher sales boosted by warmer weather

Kingfisher has reported a 1.9% increase in like-for-like sales at its B&Q DIY chain in its second quarter as the retailer benefited from the warmer weather in the period. On total basis, sales were up by 1.7%.

GENERAL MERCHANDISE

Kingfisher sales boosted by warmer weather

Kingfisher has reported a 1.9% increase in like-for-like sales at its B&Q DIY chain in its second quarter as the retailer benefited from the warmer weather in the period. On total basis, sales were up by 1.7%.

In the 10 weeks to 13 July 2013, sales of outdoor and seasonal products at B&Q jumped 20% and accounted for almost 40% of the retailer’s sales.

At Kingfisher’s Screwfix chain, total sales climbed by 17.8% with like-for-like sales increasing by 6.6%.

The results helped Kingfisher to grow its total group sales by 5.2% in the period while like-for-like sales rose by 2.5%. This was a marked improvement on the previous quarter when group like-for-like sales fell by 4.2%

Ian Cheshire, Kingfisher's group chief executive, said: "Following a tough Q1, I am pleased to report that we have been able to capitalise on the better weather conditions in Q2, particularly in the UK, which has helped us to deliver growth. However, underlying consumer confidence remains weak in our major markets, so we continue to focus hard on our self-help margin and cost initiatives. We are on track to deliver a first half in line with our expectations.”

At Kingfisher’s business in France, where it owns over 200 stores under the Castorama and Brico Dépôt fascias, like-for like sales rose by 1.1%.

Kingfisher said its self-help plan, 'Creating the Leader', was continuing to make good progress. This included the acquisition of 15 stores in Romania in the quarter, which was the group’s first new country entry in seven years.

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