All Home & DIY articles – Page 235
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News
Costco Q3 sales up 12%
Costco has reported $17.4bn (£11.93bn) net sales for the third quarter, a 12% year-on-year increase.The results were driven by increased sales of fresh foods, clothing and homewares. Comparable sales for the quarter grew 10%, with a 6% rise at US stores and a 26% rise overseas. In constant currency terms ...
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News
Hornback full-year sales rise 3.7%
DIY retailer Hornbach has released its financial results for the year ended February 28, when sales rose 3.7% to €2.85bn (£2.42bn). EBIT fell 15.4% to €151.5m (£128.5m).In Germany, store sales increased 2.8%, and 1.8% on a like-for-like basis. Meanwhile, Hornbach’s international division grew 4.2%, although like-for-like sales contracted by 0.9%. ...
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NewsSelf-help measures drive Kingfisher quarterly profits rise
Improved gross margin and cost productivity helped DIY giant Kingfisher post a rise in first quarter profits despite a like-for-like sales fall.
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NewsTopps Tiles profit falls in first half
Topps Tiles adjusted profit before tax and discontinued operations fell from £8.7m to £7.8m in the 27 weeks to April 3 as consumer confidence remains subdued.
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NewsDemand for warm weather product lifts John Lewis sales
Warm weather helped increase sales at department store chain John Lewis and grocery stablemate Waitrose last week.
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OpinionWho said anything about retiring?
Selling DFS might have been a surprise, but there’s plenty more to do yet, says Lord Kirkham
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NewsTopps Tiles invests in ads and website
Topps Tiles has made a “substantial investment” to bolster its marketing presence, revamping its website and resuming TV advertising after dropping it during the downturn.
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NewsKütchenhaus steps up expansion trail
German kitchen specialist Kütchenhaus is on the expansion trail with plans to open up to seven stores in the next 12 months.
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NewsKingfisher and Topps Tiles updates won’t lift home sector gloom
Updates from Kingfisher and Topps Tiles next week are expected to paint a subdued picture of the home sector’s performance.
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NewsPeter Ruis appointed buying and brand director at John Lewis
John Lewis buying director of fashion Peter Ruis has been promoted to buying and brand director.
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News
Woolworths aquires hardware businesses
Woolworths has acquired Gunns Retail Division in Tasmania and, in a separate arrangement, the Becks Timber & Hardware business.The Gunns acquisition includes five hardware stores in Tasmania, one timber joinery centre, one truss manufacturing plant and a support office.The move is part of the joint venture between Woolworths and US ...
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News
No rush to sell PPR retail operations
According to chief executive François-Henri Pinault, PPR isn’t in a hurry to sell off its retail operations — entertainment and electronics retailer Fnac, household goods retailer Conforama and mail order specialist Redcats.He said: “I will take the time that is necessary to sell off our operations at good conditions.” When ...
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NewsTJX Europe reports 1% rise in first quarter like-for-likes
TJX Europe, the company which operates off-price fashion chain TK Maxx in the UK, said that like-for-like sales rose 1% in the first quarter to May 1.
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NewsOnline sales up 13% in April
Online sales in April rose 13% to £4.4bn according to figures from the IMRG Capgemini e-Retail Sales Index.
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NewsEthel Austin reborn as Life & Style
Elaine McPherson, the former owner of Ethel Austin, has secured an injection of funds to launch fashion and homewares chain Life & Style, born from the ashes of the value chain which she rescued from administration for a second time in March.
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NewsScrewfix adopts ‘British Football Time’ opening hours during World Cup
Screwfix, the Kingfisher-owned trade DIY chain, will switch its trading hours to “British Football Time” for England matches during the World Cup.
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NewsInflation hits 3.7% in April
Consumer price inflation (CPI) rose in the year to April to 3.7%, according to the Office for National Statistics.
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NewsWickes like-for-likes dip as consumers remain ‘wary’
Wickes owner Travis Perkins reported a 1.7% like-for-like decline in its retail business in the 17 weeks to May 1 as “wary consumers hold on to their money”.
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NewsNew owner looks to exit Lombok after 10 months
Furniture chain Lombok’s owner, private equity firm Privet Capital, is seeking to exit the business less than 10 months after it bought it.
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News
Ikea postpones Ukraine expansion plan
Ikea has postponed a plan to build a network of stores in Ukraine.Oksana Belaichuk, Ikea’s public relations director for Russia and the Commonwealth of Independent States, said: “The leadership of the Ikea group of companies has decided to suspend the search for new land plots and temporarily postpone the plan ...