Essential reading for retailers and suppliers in the home improvement market

Kingfisher sales soar with the mercury during Q2

Published: 24 July 2013
Total sales were up 5.2% across the Kingfisher group during the 10 weeks to July 13, up 2.5% like-for-like, with both B&Q and Screwfix seeing positive gains.
Kingfisher sales soar with the mercury during Q2
Kingfisher's UK businesses saw total increases of 3.6%, +2.5% LfL, levelling out the total first half sales result to -0.2% total and -1.5% LfL following a tough first quarter.

B&Q sales were up 1.7% total, up 1.9% LfL, marking a welcome change to several consecutive quarters in negative numbers. Sales of outdoor seasonal products were up nearly 20% thanks to the July heatwave, representing almost 40% of sales.

Screwfix grew sales by an impressive 17.8%, up 6.6% LfL. Overseas, Kingfisher's French Castorama and Brico Depot stores also performed well, with total sales up 3.5% and 3.3% respectively.

Kingfisher chief executive Ian Cheshire 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.

"Our self-help plan, 'Creating the Leader', continues to progress well, including the successful completion in Q2 of the acquisition of 15 stores in Romania, our first new country entry in seven years. We remain confident in our future prospects."

Comments

Published prior to March 2014
By brian jones
it's amazing how they say sales have increased by over5% why is it that the 2 friends i know that work in these stores say it's dead quit, somebody is cooking the figures
Published prior to March 2014
By jay
so sales are up due to screwfix not b&q when will we ever see the breakdown of the retail numbers ie what comes from stores v on line
i would also ask why there are some significant price differences between the 2 maybe thats why screwfix is growing as thier prices are well below B7Q

(Your email address will not be published)
3 + 7 =  
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