Kingfisher’s Screwfix empire reaches 600 stores
Last month, growing retailer Screwfix opened its 600th store in Hoddesdon. The retailer’s astonishing growth rate saw it open 100 stores in the past 18 months alone. The brand started life as the Woodscrew Supply Company in 1979 and launched its first Screwfix store in 2005, in Yeovil. Now 97% of the UK’s population is […]
Kingfisher: Screwfix up, B&Q & Brico Dépôt down
Screwfix’s digital capabilities helped steer the retailer to a 16.6% rise in sales (LFL 10.2%) in Q3. Outlet openings and new specialist ranges also helped guide it to growth, cementing its reputation as the star of the Kingfisher Group. Fellow UK & Ireland chain B&Q saw sales fall 2.9% (LFL -1.9%), due in part to […]
Screwfix & Poland put in solid performances for Kingfisher despite profit fall
Despite solid growth from star brand Screwfix and in growing territory Poland, Kingfisher’s H1 2017/2018 financial performance saw sales dip 1.3%. Kingfisher emphasised it was in Year 2 of its ‘ONE Kingfisher’ 5 year transformation. It said it was acting on the root causes of ‘business disruption’ by adapting, including an earlier roll out of a unified IT […]
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 drive sales for Kingfisher group
Kingfisher group saw underlying pre-tax profits of £787 million, up 14.7% thanks in part to strong like-for-like sales growth in the UK and Poland (in the financial year ending 31 January 2017) Total adjusted sales in constant currencies were up 1.7% (UK & Ireland +2.4%; France (1.4)%; Other International +7.0%) Kingfisher UK & Ireland sales […]
Screwfix opens 500th UK store
Enfield, North London is the location of Screwfix’s 500th UK store, at Lumina Park. The landmark store’s launch means the firm now employs over 10,000 staff. The retailer, which targets trade customers and ‘serious DIYers’, claims that it now has a store within a 20-minute drive of 90% of the UK population. The store network […]
Screwfix to open 4th distribution centre and ‘one store per week’
Screwfix is to boost its infrastructure with a new warehouse for its expanding store network. Screwfix recently notched up store number 490 and has self-stated plans to open “one store per week”. Set to open later this year, the new warehouse will be built in Prologis Park Fradley, near Lichfield. On a site the size […]
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 […]