Homebase increases transactions 8.4 per cent, according to new Wesfarmers quarterly results

Bunnings UK sales for the first quarter were in line with expectations at £320 million ($554 million), says the new Australian owner of the Homebase chain.

Owner Wesfarmers said: "In the United Kingdom and Ireland, good progress continues to be made to reshape the business, with sales of £320 million ($554 million) for the quarter, in line with expectations."

The first quarter marked the fifth, sixth and seventh months of ownership of the Homebase business and trading "continued to be steady".

Wesfarmers added in its release of results for the first quarter of its financial year: "There is a strong focus within the business on continuing to transition core ranges across to home improvement and garden products. Pleasing progress is being made with this work."

Home improvement division chief executive officer John Gillam said the implementation of new pricing, marketing and operational strategies within Homebase is achieving results "in line with plans".

On a like-for-like trading basis across the first quarter, customer participation, as measured by transactions, increased by 8.4 per cent.

Gillam added: "Good progress is also being made across all elements of the acquisition agenda."

Total Bunnings Australia and New Zealand sales for the quarter were $2.7 billion, up 7.4 per cent on the previous corresponding period.

Bunnings is to open several trial rebranded Homebase stores in early 2017 and is also set to move its headquarters within Milton Keynes.


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

Just-in-time may just help

Just-in-time may just help

A just-in-time policy can be a smart move to aid cash flow in light of post-Brexit uncertainty, Neville Stein advises

Scale conversion - centres debate planteria approach

Scale conversion - centres debate planteria approach

Versatile space and focus on stock turn highlighted.

What will be the key garden trends in 2017?

What will be the key garden trends in 2017?

Gardening trends for 2017 could include cacti, urban gardening, living walls and unusual foods, a round-up of reports from analysts and retailers has shown.


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

Garden retail Top 100 GARDEN CENTRES

Our exclusive ranking of garden centre performance by annual turnover. NEW: 2016 listing just published

Garden Centre Prices

GARDEN CENTRE PRICES w/e 16 November 2016
GARDEN CENTRE PRICES w/e 19 October 2016
GARDEN CENTRE PRICES w/e 21 September 2016

Pest & Disease Tracker bulletin 

The latest pest and disease alerts, how to treat them, plus EAMU updates, sent direct to your inbox.

Sign up here