Essential reading for retailers and suppliers in the home improvement market
B&Q's like-for-like sales in UK and Ireland in the first 23 weeks of the current year were down 5.6% compared with the same period the previous year. On the face of it, that's a pretty unimpressive figure. But like all figures, it needs to be placed in context: the comparable figure at the end of the first quarter was -11.7%. And that was the worst year-on-year trading performance recorded for the UK and Ireland at any time in the past eight years.

So the -5.6% achieved in the first 23 weeks is actually a substantial improvement. Add to that the fact that the comparable figure for the 10 weeks to July 7 - an early indicator of Q2 performance - was a 1.1% increase in sales. So while the rain continued to hammer down, B&Q was returning to sales growth. Amid all the doom and gloom, that's a fact we should remember: the DIY market leader has bounced back strongly from a truly dreadful first quarter.

True, Kingfisher's overall performance looks less buoyant. Total group sales were down 0.4% on a like-for-like basis in the 10 weeks to July 7, and down 2.8% like-for-like in the 23 weeks up to the same date. But Kingfisher's sales in France, Poland, Russia, China and Spain have little relevance to the UK market. As always, we concentrate on the UK - and this time, the UK sales performance gives us every reason to be optimistic.
View User Profile for Colin Petty Industry consultant Colin Petty considers developments in the DIY market.






Posted by Colin Petty | 25 July 2012 | 12:09 | More from: Talking Point

Comments

Comments are closed on this post.
*

What do you think?

The coronavirus (Covid-19) is affecting everyone and completely changed our way of lives for the foreseeable future. Small business owners and the self-employed have been hit particularly hard financially, with many not being able to work or having to close up completely. DIY Week is keen to learn how you are coping and to share this information with others who may well be in the same boat, so thank you for taking part in this survey.
How has your business been affected by the coronavirus (Covid-19) pandemic?




Latest reader comments

re: A guide to construction safety for home builders

Daniel Wood
Safety should always be the first priority. If followed properly, these precautions are all we need to tackle all unwanted accidents. I ...

re: Further Homebase closures ahead

Shaun Collorick
Cheltenham homebase has closing down signs outside, but not Gloucester homebase.... Yet!...

re: B&Q sales slide, as Screwfix decision to exit German market costs millions

B&Q bob
No surprises from us on the shopfloor management paralysed by fear of jobs and to weak to take chances so bumble around. Ranges boring, and ...

re: Further Homebase closures ahead

Miss l'a tesha gc Wilson
Please keep me updated regards all Store closures Thank you...

re: Graham Bell to head up B&Q as part of Kingfisher reshuffle

Peter Earl
I HOPE GRAHAM BELL THE NEW CEO OF B&Q GETS TO GRIPS OF THE COMPANY VERY SOON.MY WIFE WENT FROM SHADOXHURST TO GILLINGHAM TO GET SOME ...

Most read stories