B&Q seasonal sales up 17.5% after first quarter

B&Q parent company Kingfisher reported sales of £2.9 billion, with like-for-like sales down 0.6% in the first quarter to 30 April.

Image: Flickr/Duncan Hull (Creative Commons Licence)
Image: Flickr/Duncan Hull (Creative Commons Licence)
But in the UK, total sales were +1.4% and like-for-like sales +3.5% reflecting a continued strong performance from Screwfix and modest price inflation.
B&Q UK & Ireland sales were - 4.6% reflecting annualisation of its completed store closure programme.
Like-for-like sales were +0.5% including benefit from sales transference associated with store closures
and strong digital growth (+31%).
Like-for-like seasonal sales, with the spring gardening season under horticulture head of range Tim Clapp, was +17.5%. Like-for-like of non-seasonal products, including showroom was -3.9%.
Screwfix sales were up +20.3% (LFL +12.6%) driven by its leading digital capability, new and extended ranges and new outlets
Chief executive officer Véronique Laury said: "We have set ourselves up well for our transformation, which continues in line with our plans. Strong performance in Screwfix and Poland continues, though performance in France remains weak. In addition, we are experiencing some business disruption given the volume of change, as we clear old ranges, re-merchandise new ranges and continue the roll out of our unified IT platform.
"However, we are on track to deliver our Year 2 strategic milestones. Early customer reaction to our
new ranges is encouraging, especially in France where our new unique bathroom ranges are launching first. We are also progressing well with our IT platform, which is now live in nearly a third of our Castorama France stores and which will enable us to build a much stronger digital offer.
"We remain confident in the size of the prize and our ability to deliver our long term plan, both the
financial benefits of the transformation and the benefits to customers, supported by the continued
expertise and energy of our colleagues."

Meanwhile, Christian Mazauric is transferring from Kingfisher's Brico Depot business in Romania to take the helm of B&Q. He will join the DIY business in the UK on July 1st and replacing Michael Loeve who is moving to Netto.

Mazuric has spent 16 years with Kingfisher to date, including spells with Screwfix and Castorama. 


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Before commenting please read our rules for commenting on articles.

If you see a comment you find offensive, you can flag it as inappropriate. In the top right-hand corner of an individual comment, you will see 'flag as inappropriate'. Clicking this prompts us to review the comment. For further information see our rules for commenting on articles.

comments powered by Disqus

Read These Next

Is garden centre pricing becoming more competitive?

Is garden centre pricing becoming more competitive?

Plants, furniture and food are under price pressure.

Hedging - what are the alternatives to box?

Hedging - what are the alternatives to box?

With box blight and box tree moth both posing problems, Miranda Kimberley looks at alternative planting choices.

What are the benefits to garden retail businesses of multi-channel selling?

What are the benefits to garden retail businesses of multi-channel selling?

Gardening Express has become the latest online operator to buy a bricks-and-mortar garden centre, showing how multi-channel selling is developing fast.


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. 

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles