News | First quarter


Kingfisher sales down at home with B&Q and in France

In France, Castorama sales were down by 5.0 per cent in constant currency terms.

In France, Castorama sales were down by 5.0 per cent in constant currency terms.

In the first quarter of its fiscal year (ended 30 April), the British Kingfisher Group unveiled a nominal sales increase of 5.0 per cent. In constant currency, however, the quarterly figures reveal a drop of 0.9 per cent in sales, with like-for-like sales down by 0.6 per cent. Total sales amounted to GBP 2.860 bn.

In Great Britain, the closures of B&Q stores had an impact, with sales declining by 4.4 per cent. Like-for-like sales lagged behind the level of the previous year by 0.5 per cent. On the other hand, Screwfix sales were up by 20.3 per cent (like-for-like 12.6 per cent).

The two French distribution lines also delivered negative figures: Castorama sales were down by 5.0 per cent in constant currency terms, while Brico Dépôt sales fell by 6.2 per cent.

Of its other overseas markets, only Poland brought a measure of comfort. Here sales rose by 5.7 per cent (constant currency), like-for-like by 3.5 per cent. The Castorama stores in Russia saw their sales decline in constant currency terms by 4.1 per cent and like-for-like by 7.8 per cent. A 2.9 per cent drop in sales was seen in Spain.

One reason cited by CEO Véronique Laury was "some business disruption given the volume of change, as we clear old ranges, remerchandise new ranges and continue the roll out of our unified IT platform". But she remains confident: "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."

|24 May 2017


Post a comment

* Please complete the areas marked in red correctly and in full!.

(will not be published)

* obligatory fields

Latest news

Sales ideas focusing on the “Family Garden” at the IPM

"Family Garden" will be the subject of the new hortivation segment at the IPM international plant trade fair 2018 in Essen (Germany). View news...

Fitt goes for TV and online video advertising

The Italian hose manufacturer Fitt has opted to use moving-image advertising and the digital communications channel to a greater extent for its View news...

Alisdair Gray leaving Edra

Alisdair Gray will no longer be working for Edra. Since 2010 the British director of European affairs at Edra has been responsible for lobbying on View news...

DIY stores in the USA are growing and have potential with professionals

The US home improvement industry is still in a good position compared to the rest of the country's retail trade. Since 2013, DIY stores' growth rates View news...