Essential reading for retailers and suppliers in the home improvement market

Kingfisher Q4 lfl sales see return to negative

Published: 18 February 2010
Snow early in the year forces Kingfisher Q4 lfl sales growth back into decline after a strong third quarter.
Kingfisher Q4 lfl sales see return to negative
B&Q parent saw like-for-like group sales decline 3% to £2.3bn in its fourth quarter of trading (13 weeks to January 30) after Q3 saw an increase of 5.6%.

Sales were impacted by the adverse weather conditions earlier in the year, which kept shoppers at home, according to group chief exec Ian Cheshire: "Underlying sales trends remained relatively resilient in the fourth quarter before trading in January was significantly disrupted by the heavy snow and low temperatures across Europe, particularly in the UK and Poland."

B&Q saw sales dip in the UK by 3.5% on a like-for-like basis to £836m, "reflecting exceptional adverse weather in January". Prior to the snow, the company reports that lfls were actually slightly up. Gross margins however are expected to be significantly up "reflecting reduced promotional activity compared to Q4 last year, better sales of higher margin products and continued shrinkage reduction and supply chain cost efficiencies," said the trading statement.

Total sales at Screwfix declined 1.4% to £113m.

Comments

Published prior to March 2014
By Phil White
Given the severe December weather in the UK, as
well as Northern France, these look very strong numbers from Kingfisher.
Interesting comment on future growth plans to be outlined with the Full year results in March.
The Eastern European growth looks particularly strong in my view.

(Your email address will not be published)
8 + 5 =  
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