max temp: 12°C

min temp: 2°C

ESTD 1874 Search

UK: Kingfisher warns that B&Q sales remain under pressure

12:16 29 November 2012

B&Q owner Kingfisher has reported a further fall in like-for-like sales at its B&Q arm, although the decline was lower than that seen during the weather-hit first half of the year

B&Q owner Kingfisher has reported a further fall in like-for-like sales at its B&Q arm, although the decline was lower than that seen during the weather-hit first half of the year

B&Q owner Kingfisher today reported an improved sales trend at the DIY chain but warned that the weak consumer backdrop continued to hit the business.


Like-for-like sales at B&Q in UK and Ireland fell 4% in the 13 weeks to October 27, an improvement on the 6% slide recorded during the weather-hit first half of the year.

The improvement was driven by higher sales of home improvement products as more customers cook and entertain at home with sales of built-in fridge freezers up 13% and built-in microwaves ahead 57%.

B&Q saw a 1.7% rise in retail profits to £45million, while the wider Kingfisher group, which also owns tools supplier Screwfix in the UK and the Castorama and Brico Depot chains in France, recorded broadly flat retail profits of £25m.

Screwfix, which opend 12 new outlets during the third quarter, grew total sales by 11% to £149m, despite the continued challenging trading conditions in the smaller tradesman market, with retail profit rising 20% to £14m.

Total group sales were up 0.8% at £2.7billion, as like-for-like sales fell 2.8% in France and by 0.8% across its other international stores, which include outlets in China and Russia.

The group has been driving sales of showroom products such as kitchens and bathrooms in an effort to help boost trade.

However, Freddie George, retail research analyst at Seymour Pierce, said the like-for-like sales figures were worse than expected and implied “a markedly weakening trend through the period”.



The Hot Off The Press premises inTacket Stret, Ipswich, which the company has vacated after 25 years.

A printing company which has operated from the centre of Ipswich for 25 years has relocated – to a purpose-built log cabin in the owner’s garden.

Elaine and Nigel Bowen of Vanguard Communications.

Two businesses which receive support from Suffolk enterprise agency Menta have received Small Business Sunday awards from entrepreneur and former BBC Dragons’ Den star Theo Paphitis.

Wayne Seddon from The Bridge House in London receives his Adnams Pub of the Year award from chief operating officer Karen Hester.

Southwold-based Adnams has named The Bridge House, near London’s Tower Bridge, as its Pub of the Year.

Georgi Rollings, left, and Emma Lawrence of Starfish Accounting.

An Ipswich based provider of online company secretarial software has reached the landmark milestone of having 10,000 users.

Robert Hughes, managing director of Hughes Electrical, and Andy Yallop, store manager, at the company's new branch in Bury St Edmunds.

Hughes Electrical has opened the doors of its new store in Bury St Edmunds following a £200,000 investment which has also created six new jobs, doubling the size of its workforce in the town.

A file picture of the Sanofi factory in Haverhill.

More than 50 jobs are to be axed at the Haverhill site of pharmaceutical group Sanofi.

Barclays has been fined £72m by the Financial Conduct Authority.
Photo: Jonathan Brady/PA Wire

Banking giant Barclays has been fined £72million by the City watchdog for failing to handle potential financial crime risks relating to a £1.88billion transaction for ultra high-net-worth clients.

Ipswich council leader David Ellesmere at the former sugar beet factory site off Sproughton Road.

A new Enterprize Zone involving 10 development sites across East Anglia, with the potential to create 18,500 jobs, was announced by Chancellor George Osborne today.

Natalie Moloney, of Woodbridge events firm Pink Lemonade Productions.

An entrepreneur is up for a fifth business award since her event planning company launched last year.

The Chancellor of the Exchequer, George Osborne, delivering his joint Autumn Statement and Spending Review to MPs in the House of Commons
Photo: PA Wire

The Chancellor’s Autumn Statement and Comprehensive Spending Review today divided opinion between unions employers.

Most read

Most commented

Topic pages

Local business directory

Our trusted business finder

Property search

e.g. Oxford or NW3
Powered by Zoopla

Digital Edition

Read the East Anglian Daily Times e-edition today E-edition

Great British Life

Great British Life
MyDate24 MyPhotos24