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Screwfix to accelerate UK expansion; plans for German stores

In today's IMS Kingfisher reported that for the half year ended 3rd August 2013, Screwfix grew total sales by 14.6% (+3.6% LFL) to £313 million, in a challenging smaller tradesman market, estimated to be down around 1%.

Screwfix benefited from extended opening hours, new ranges (e.g. paint and work wear), the continued roll out of new outlets and the successful introduction of a mobile ‘click, pay & collect’ offer last year.

Nineteen outlets were opened during H1, taking the total to 294.

The IMS also reported that Kingfisher will be accelerating the UK expansion of Screwfix and confirmed that four trial stores will open in Germany by summer 2014, as the company evaluates its international opportunities.

Source : Insight/Kingfisher
www.kingfisher.com

11 September 2013
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