All B&Q articles – Page 4
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NewsKingfisher sales beat pre-pandemic levels but lockdown DIY boom slows
DIY giant Kingfisher’s sales declined against strong comparables in the last two years.
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AnalysisThe stores forecast: Five predictions for physical retail’s future
Retail Week’s Stores Week 2022, this year’s edition of our annual event celebrating bricks and mortar, begins today. From Marks & Spencer, Liberty and Rapha to Benefit Cosmetics and Ikea’s real-estate arm Ingka Centres, brands and retailers from across the industry will reveal how they are investing in their store strategies and what they see as the future of stores.
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NewsRetailers call for business rates cut to help battle cost-of-living crunch
A coalition of leading retailers and trade bodies has launched a ‘Cut the Shops Tax’ campaign, arguing for a business rates reduction to combat inflationary pressures and protect industry jobs.
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AnalysisAnalysis: Why Kingfisher’s success is built on more than just lockdown headwinds
With inflationary pressures front of mind for both retailers and customers, Retail Week explores why Kingfisher believes the business is prepared to sail through the storm
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NewsExclusive: B&Q launches online marketplace to create ‘one-stop shop for your home’
B&Q has launched an ecommerce marketplace as part of ambitious plans to expand its online range to more than 1 million home, DIY and garden products.
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NewsKingfisher reshuffles top team and creates new chief commercial officer role
Kingfisher has rejigged its top team across its European fascias.
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NewsKingfisher sales dip as customer spend ‘normalises’
Kingfisher has reported a slight drop in sales year-on-year as consumer spending balances out post-pandemic.
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DataRanking: From M&S to Iceland – UK consumers’ favourite brands
Marks & Spencer has been crowned the best retail brand according to shoppers in YouGov’s UK Retail Rankings 2021.
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NewsKingfisher boss eyes expansion as post-Covid trends create growth opportunities
Kingfisher chief executive Thierry Garnier said he was positive the DIY giant would thrive despite posting a dip in like-for-like sales.
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NewsKingfisher raises outlook as profits soar across Europe
DIY giant Kingfisher has recorded rising profits as its ‘Powered by Kingfisher’ strategy drives business changes.
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InterviewInterview: Kingfisher’s Thierry Garnier on building a new mindset at the DIY giant
With the pandemic prompting an acceleration in-store and online innovation, Kingfisher chief executive Thierry Garnier talks us through the group’s new retail formats, its test-and-learn approach and how that has shaped a new way of thinking throughout the business.
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NewsKingfisher raises profit guidance as sales surge across Europe
Kingfisher has upgraded its profit guidance after sales powered ahead of pre-Covid levels across its international markets.
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AnalysisDeep dive: Tackling the fulfilment nightmare before Christmas
With online sales expected to remain high this golden quarter and the industry facing operational challenges as the first post-Brexit Christmas, Retail Week explores how retailers can shore up their operations and fulfilment to meet consumer demand ahead of peak.
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Analysis‘I want it and I want it now’: How Dixons and Screwfix are serving impatient shoppers
As rapid delivery services multiply across grocery, Retail Week explores how Dixons Carphone and Screwfix are joining the race to bring laptops and power tools to customers in half an hour or less.
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NewsKingfisher and Burberry unveil ‘ambitious’ new sustainability targets
Kingfisher and Burberry have lifted the lid on ambitious new carbon reduction targets in a bid to beef up their sustainability credentials.
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AnalysisHow inclusive is your culture really? Learning from M&S, The Very Group and Superdrug
Discover how leading retailers and organisations are advancing inclusion and championing equity, and what you can do to follow in their footsteps. Be Inspired’s new report reveals all.
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NewsKingfisher signs credit deal linked to sustainability targets
Kingfisher has announced a new revolving credit facility conditioned to its ambitious sustainable and community-based targets.
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NewsKingfisher raises outlook as sales continue to soar
Kingfisher has raised its profit predictions for 2021/2022 as its sales increased in almost all markets.
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Retail Navigator Analysis
B&Q (Overview)
DIY retailer B&Q is the market leader for home improvement in the UK, with upwards of 300 stores and 16,000 employees. Surging demand for home improvement products throughout the pandemic saw B&Q’s sales climb to a high of £4,178m by FY2021, although revenues declined 8.2% to £3,835m in the year to end January 2023 (FY2022), with like-for-like sales down 8.8% on the previous year “against very strong prior year comparatives”.
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Retail Navigator AnalysisB&Q (SWOT)
In recent years management has intensified efforts to increase synergies between the various Kingfisher businesses to exploit the scale of the group. This will not let up under its current ‘Powered by Kingfisher’ strategy but will move to reduce operational complexity around sourcing and other shared services.
