News | First quarter

Back

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


SEND
 PRINT 

Post a comment

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



(will not be published)

* obligatory fields


Latest news

Leroy Merlin opens store in Madrid

Leroy Merlin has opened a new store in Raimundo Fernández Villaverde Street in Madrid. The urban-format proximity-format was implemented. The store View news...

Byggmax expands in great strides

During the second quarter, the implementation of the strategic plan continued at a high pace, reports Byggmax. This year the company opened at total View news...

HIL Limited to acquire Parador

The Indian building materials manufacturer HIL Limited, a subsidiary of the CK Birla Group, is to acquire Parador from its previous majority owner, View news...

EDIN joins EDRA/GHIN

EDRA, the European DIY Retail Association, and GHIN, the Global Home Improvement Network have today announced the joining of EDIN, the European 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

STORCH-CIRET Group

Storch-Ciret Group

Berlin was the center of the DIY universe

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.

Gallery