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Omnichannel cabability boosts sales for Screwfix

Screwfix entrance FC 725 x 500

Kingfisher has reported on second quarter trading, covering the three months ended 31st July.

Total sales in the UK & Ireland increased by 5.0%, with an increase in LFL sales of 7.2%, benefiting from continued strong Screwfix performance.

Screwfix reported a sales increase of 24.5%, with an increase in LFL sales of 13.3%. Kingfisher cited its leading omnichannel capability, new and extended ranges and new outlets as the drivers behind the growth.

Learn more about B&Q's results here.

See the full publication here

Véronique Laury, Kingfisher Chief Executive Officer, said:

“We have delivered another solid sales performance in Q2 driven by the UK and Poland. In the UK, the EU referendum result has created uncertainty for the economic outlook, although there has been no clear evidence of an impact on demand so far on our businesses. In France, widespread industrial action and exceptionally wet weather created a more challenging environment, after a more encouraging Q1. We remain cautious on the short-term outlook.

“In the meantime, we continue to focus on our ONE Kingfisher plan, based on always putting customer needs first. We look forward to updating you on our early progress at our half year results next month.”

Source : Kingfisher 

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18 August 2016

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