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(will not be published)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

Leroy Merlin Russia manages at least a modest sales increase in 2017

Leroy Merlin continues to grow in Russia. While most of its competitors saw a downturn in their fortunes in 2017, Leroy Merlin Russia (Groupe Adeo) View news...

Cashbuild only growing through new stores

The South African home improvement and building materials retail group Cashbuild increased its sales in the first six months of the current fiscal View news...

Clas Ohlson remains steady at plus two per cent during Christmas period

The Swedish retailer Clas Ohlson has reported a sales increase of 2 per cent to SEK 2.746 bn (EUR 270 mio) for the third quarter of its fiscal View news...

Early Bird for Global DIY Summit ends this week

The Early Bird Offer for the Global DIY Summit ends this week. Prospective delegates registering by Thursday 15 March 2018 for the international View news...

Actual figures

Statistics Home Improvement Europe

Statistics Home Improvement
This brochure provides a competent overview of the situation in the Home Improvement sector in 31 European countries.

Order now!

5th Global DIY Summit 2017



ABUS Security solutions – for today and tomorrow

The 5th Global DIY Summit in Berlin was a first class networking event for the international home improvement industry. Here are the portraits of some of the most important companies that exhibited at the International Congress Exhibition.