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Decline in kitchen business continues to impact Bunnings UK sales

Bunnings St.Albans 3

Earlier today, Wesfarmers briefed investors on their retail sales performance for their third quarter, ending 31st March 2017.

Total sales for Bunnings UK were £245 million ($400 million). On a like-for-like trading basis across the third quarter, customer participation, as measured by retail transactions (both in-store and online), increased by 2.2 per cent. For the financial year to date, total sales were £851 million ($1,429 million). Customer participation for the financial year to date increased by 6.9 per cent.

BUKI Managing Director PJ Davis said trading during the quarter was negatively affected by the continued repositioning of the kitchen and bathroom offer, while the performance across other core home improvement and garden products was pleasing.

“Our first Bunnings Warehouse pilot stores have been well received by customers, team members, and the community. The team continues to progress the strategic plan and is focused on building strong foundations,” Mr Davis said.

During the quarter, the first Bunnings Warehouse pilot store was opened. A second pilot site was opened on 12 April 2017 at Hatfield Road, St Albans. There were 254 Homebase stores as at the end of March 2017. 

Download the full Wesfarmers release here.

Read about Bunnings Australia & New Zealand here.

Source: Insight DIY Team

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26 April 2017

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