Latest news from the home improvement and garden industry

Switzerland

Real growth in Migros speciality store segment

In its speciality store segment, which includes the Do it + Garden DIY chain and Obi stores in Switzerland, the Swiss retail outfit Migros posted sales of CHF 1.622 bn last year. The figure was 3.0 per cent down on the …

News27. January 2016

Five-year plan

Kingfisher targets expansion with Screwfix Europe

Kingfisher has presented a five-year plan with the aim of delivering a GBP 500 mio sustainable profit uplift by the end of year …

News26. January 2016

Rakhi Parekh

Amazon manager becomes non-executive director at Kingfisher

The British Kingfisher Group has announced the appointment of Rakhi Parekh as a non-executive director of the company …

News25. January 2016

Wallis Group

Praktiker Hungary has been sold

The Hungarian Wallis Group and the CEO of Praktiker Kft. Hungary, Karl-Heinz Keth, have acquired the two Hungarian Praktiker foreign subsidiaries …

News22. January 2016

Byggmax group

Distance retailer Skånska Byggvaror expands offline

The Swedish distance retailer Skånska Byggvaror is expanding its bricks and mortar stores. In the coming year the company, which…

News21. January 2016

Australia

Woolworths wants to sell Masters

Woolworths wants to terminate its business relationship with Masters. The Australian retail group wants to buy back the 33.3 per cent stake in …

News20. January 2016

Joint venture with Woolworths

Lowe’s backs out of Masters in Australia

Lowe's is giving up its stake in the Australian DIY retail chain Masters. Masters is a joint venture with the Australian trading group …

News19. January 2016

Expected at the end of the quarter

Bunnings obtains agreement for the acquisition of Homebase

The Australian DIY market leader Bunnings has acquired Homebase, the second largest DIY chain in Great Britain and Irelan…

News19. January 2016

December

Clas Ohlson keeps on growing

The Swedish retailer Clas Ohlson increased its revenues in December by 5 per cent to SEK 1.114 bn compared to the same month last year. Since then the …

News18. January 2016

Year end 2015