B&Q owner Kingfisher builds from pandemic success but struggles to keep up with 2021 boom B&Q B&Q and Screwfix owner Kingfisher reported strong post pandemic growth in the first quarter, with three year like for like sales up 16.2 per cent.
Nailed on: Screwfix to open 80 stores in expansion JOBS PUSH Home improvement business Screwfix is to create 800 retail jobs by January as part of plans to open 80 new shops across the UK and Ireland. The retailer’s sales were boosted during the pandemic as locked-down Britons hired tradespeople to spruce up their properties and gardens. Screwfix and B&Q owner Kingfisher enjoyed profits of more [...]
Lockdown DIYers push B&Q owner Kingfisher past £1bn profit KINGFISHER RESULTS Kingfisher’s sales shot up last year as the B&Q owner became the third UK retailer to exceed £1bn profit. The home improvement behemoth joined retail titans Tesco and Marks & Spencer when it revealed its profits had reached record levels on Tuesday. Lockdown DIYers sent sales past £13bn for the year to 31 January, thanks [...]
Lockdown momentum: B&Q owner Kingfisher sales hit $7bn in six months September 21, 2021 It appears home DIY has kept up its momentum post-lockdown, as B&Q owner Kingfisher’s sales have grown by more than £1bn in the past six months in comparison with last year. Kingfisher, which also owns Screwfix, performed well in 2020 despite the impacts of the pandemic, due to homebound consumers getting stuck into home improvements. [...]
B&Q owner Kingfisher signs £550m credit deal linked to sustainable targets June 2, 2021 Kingfisher has signed a £550m three-year credit deal that will see it benefit from a lower interest rate on the loan if it delivers specific targets to help tackle climate change. Kingfisher, which also owns Screwfix, has updated its climate change targets to reduce emissions by 2026 in a way that will not contribute to [...]
Lockdown DIY: B&Q owner Kingfisher nails sturdy sales May 20, 2021 Kingfisher, which owns B&Q and Screwfix, has reported sturdy sales of £3.4bn this morning as lockdown measures pushed people to get creative with DIY and home renovations. Total sales soared 61.9 per cent in the group’s first-quarter results to 30 April today, which reflected the DIY fever that caught many during the last lockdown. Shares [...]
B&Q owner Kingfisher toasts click & collect success as sales surge March 22, 2021 Kingfisher, the owner of B&Q and Screwfix, this morning announced that sales and profit surged last year, boosted by its click and collect offer, as consumers began DIY projects during lockdown. Sales were up 7.2 per cent to £12.3bn and profit after tax was £592m, up from £8m in the previous year. Adjusted post-tax profit [...]
Screwfix to open 50 new stores and create 600 jobs this year March 15, 2021 Screwfix is planning to open an extra 50 stores this year, creating around 600 new jobs, in response to the boom in demand for home improvements during the pandemic. The retailer, which is owned by B&Q parent company Kingfisher, will open 40 new branches in the UK, creating 500 jobs, and a further 10 in [...]
Kingfisher shares jump on plans to launch B&Q stores in Saudi Arabia March 9, 2021 Shares in Kingfisher, the owner of B&Q, jumped this morning after it announced plans to expand the DIY chain into the Middle East. Kingfisher said this morning that it has signed a franchise agreement with the Al-Futtaim Group, with the first Middle East stores to launch in Saudi Arabia. It marks a progression in the [...]
DIY firm Kingfisher sales jump on online boom January 12, 2021 Home improvement firm Kingfisher said that a boom in online sales had seen fourth quarter sales rise 16.9 per cent. In a trading update, the London-listed firm said that it was comfortable with the top end of current estimates for profit of £667m-£742m this year. It added that e-commerce sales had increased by 150 per [...]