We use cookies to provide you with a better experience. If you continue to use this site, we'll assume you're happy with this. Alternatively, click here to find out how to manage these cookies

hide cookie message
RSS FeedFinancial Planning

Kingfisher bemoans weak B&Q sales


Brand owner says weak consumer backdrop behind sales dip

Article comments

Europe's biggest home improvement retailer and owner of the B&Q brand – Kingfisher – has announced a like-for-like sales fall at the home improvement retailer of 4 percent to £906 million in the three months to 27 October.

A Kingfisher spokesperson said on Thursday that the UK and Ireland’s "generally weak consumer backdrop" was behind a fall in B&Q sales. The company described the environment in Ireland as "particularly challenging."

However, B&Q's retail profit grew 1.7 percent to £45 million.

Overall, Kingfisher's group sales – including brands such as Screwfix, Brico Depot and Castorama – were down 3.9 percent to £2.7 billion for the quarter with retail profits down 5.9 percent to £257 million.

Share:

Recommended Articles

Comments

Kingfisher bemoans weak B&Q sales
Financial Planning

Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unansweredmore ..


Amazon invests $2bn more in India as online retail booms

The announcement comes a day after an Indian retailer got $1bn in fundingmore ..

Twitter buys NY image start-up Madbits

Madbits uses deep learning techniques to understand the content of an imagemore ..

Barclays posts 7% fall in pretax profits

Barclays’ costs fall 4.5% with increased digitisationmore ..

Budget: What business wants

CFOs are keen for the chancellor to avoid any uncertaintymore ..

Stay ahead of the curve

CFOs used to low interest rates ignore working capital optimisation at their perilmore ..

Send to a friend

Email this article to a friend or colleague:


PLEASE NOTE: Your name is used only to let the recipient know who sent the story, and in case of transmission error. Both your name and the recipient's name and address will not be used for any other purpose.



In Depth
Can finance rise to the challenge of major transformation?

Can finance rise to the challenge of major transformation?

Outdated finance processes, systems and competencies leave too many questions unanswered more ..

In Depth
Interim CFO or consultant? The pros and cons

Interim CFO or consultant? The pros and cons

Ed Harding offers an insight into the life of an interim CFO and the advantages in driving transformation more ..

Advertisement

* *