B&Q breaks ground on new 375,000 sq ft distribution centre in Swindon
Kingfisher plc has signed contracts on a new B&Q distribution centre (DC) in Swindon. Construction on the new 375,000 square feet site started in March 2018. When complete, it is estimated around 100 new jobs will be created. It is expected to be operational by February 2019, when the site will be run by Kingfisher’s logistics […]
Kingfisher culls jobs at B&Q & France’s Brico Dépôt and Castorama
Following the news that B&Q is to cull 200 jobs at its head office in Chandler’s Ford, Hampshire, fellow Kingfisher brand Brico Dépôt is reportedly set to cut more roles across the channel, in France. Brico Dépôt has over 121 depots in France and Castorama shops number over 100 in the country. News agency Reuters […]
Screwfix grows 17% but B&Q spoils Kingfisher’s party
It was a tale to two brands for Kingfisher, with Screwfix soaring and B&Q in the doldrums, according to the group’s Q2 2017 sales numbers. True to form, Screwfix sales rose a whopping 17.2% (l-f-l 10.8%) to £365m in the UK & Ireland, but B&Q saw sales down 7.8% (l-f-l 4.7%) to £967m due to […]
Screwfix continues to shine for Kingfisher in Q1 2017
Kingfisher, the group behind global DIY stockists Screwfix, B&Q, Castorama and Brico Dépôt, saw sales fall slightly in Q1 2017, down 0.6% like-for-like, to £2.9 billion. Sales in France – where the Castorama and Brico Dépôt brands operate – were weaker and disruption from the ONE Kingfisher plan were blamed for the small dip. However, Kingfisher […]
UK and Poland offset soft sales in France for Screwfix owner
Screwfix has spearheaded Kingfisher’s quarter three 2016 results, up 23.1% in Q3 2016. Kingfisher, which also owns B&Q in the UK and Castorama and Brico Depot in France, saw an overall like-for-like sales performance up 1.8%. The UK and Poland drove sales for the group – sales in Poland were up a whopping 26.7% in […]
UK and Poland drive profit for Kingfisher
Kingfisher, owner of B&Q and Screwfix, has posted its half year results and revealed a 2.7% rise in adjusted sales and retail profit of 8.7% (for the 6 months ended 31 July 2016). Underlying pre-tax profit was up a significant 13.5% to £436 million, thanks largely to UK and Poland profit growth – and £17 […]
Screwfix and B&Q owner seeking new London HQ
Ahead of the publication of its first half year results for 2016, Kingfisher is reportedly seeking a new large London HQ. It is being widely reported in the press that Kingfisher, owner of two of the UK’s largest DIY and hardware retail empires – B&Q and Screwfix – is searching for a 300,000 sq ft […]
DIY shares fall following Brexit vote
The UK’s vote to leave the European Union has knocked share prices for big names in the DIY and tool markets on the London Stock Exchange. B&Q and Screwfix owner Kingfisher has seen its share price drop from 365p on Thursday afternoon to 311p on Friday morning. The price recovered slightly by the close of […]
B&Q, Homebase and Screwfix bid for ‘DIY Dad’ cash ahead of Father’s Day
B&Q and Homebase are among the retailers preparing to cash in on Father’s Day with a raft of promotions to lure in customers. B&Q has produced a Father’s Day ‘Product Flash’ media release, pushing discounted products in DIY, gardening, BBQ and gadgets, including brands Stanley, Black & Decker, JCB and Mac Allister. Meanwhile Homebase has a Father’s […]