UK DIY News
Screwfix reports 23.3% growth in sales
Kingfisher has reported its latest interim results covering the 26 weeks ended 2 August 2014.
Screwfix total sales grew by 23.3% (+11.9% LFL, +15.9% 2 year LFL) to £386 million, benefiting from a strong promotional programme, the continued roll out of new outlets and the continued success of the mobile ‘Click, Pay & Collect’ offer. Twenty-four net new outlets were opened, taking the total to 359.
The UK market for the smaller tradesman was up around 7%, calculated by Kingfisher and based on year on year movement of a weighted average incorporating 70% trade (using the most recent public data available for the big trade merchants as a proxy) and 30% DIY (using the UK RMI (Repairs, Maintenance & Improvement) GfK large chain (shed) data).
Source : Kingfisher
www.kingfisher.com
Insight DIY is the only source of market information that I need and they always have the latest news before anyone else.