Essential reading for retailers and suppliers in the home improvement market

Leekes sales rocket thanks to "healthy" home improvement lines

Published: 3 May 2012
The retailer reported the strongest sales performance in over three years for its last quarter, up 10% year-on-year.
Leekes sales rocket thanks to 'healthy' home improvement lines
It comes as a contrast to the ONS' announcement last week that the UK is back in recession, and store operations director Peter Marks has spoken out with his belief retail sales are "a far stronger indication of economic strength than the headline GDP figures."

Mr Marks pointed out that while retail sales "are always the first to suffer as the economy runs into difficulty and people tighten their purse strings," the retailer's recent performance is indicative of a recovery.

"While last year continued to be challenging, sales in key home improvement lines such as kitchens and bathrooms remained healthy. Since December 2011, we have seen a terrific increase in sales across all areas, which we believe is led by a pent up demand for goods which the public have been putting off purchasing for the last few years.

"Furniture and furnishings have led the surge in sales, with strong growth also in bedrooms, carpets and home accessories."

Overall the company is over £3 million up in sales compared with the same period last year and Mr Marks said he believed the acceleration in sales will continue throughout the rest of this year.

Leekes recently announced it will be investing over £6m in a new store on the outskirts of Coventry, due to open in August 2012. Further expansion and investment plans are in the pipelines for both Melksham and Llantrisant.

Comments

Published prior to March 2014
By Steven Jacobs
I believe the rocket in sales is not due to the "healthy" home improvement lines as much as their dicision to buy direct from the far east together with the demise of competitors like Focus DIY. By having competitive prices in local areas where there is less competition Leeks have increased their business.

(Your email address will not be published)
6 + 6 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories