Screwfix set for expansion in Europe

During the year ended 31st January 2016, Screwfix grew total sales by 26.3% (+15.3% LFL) to £1,054 million.

This was driven by strong growth from the specialist trade desks exclusive to plumbers and electricians; strong digital and mobile growth (e.g. mobile +100%; click & collect +52%); new and extended ranges; and the continued roll out of new outlets.

62 net new outlets were opened, taking the total to 457.  

Additional excerpts from the full publication - available here - follow: 

Screwfix trial in Germany

Screwfix UK’s leading omnichannel offer continues to deliver strong growth. We continue to review the scale of the UK market opportunity and now believe that there is potential for around 600 outlets versus the 457 today, providing even greater convenience for customers.

Our Screwfix Germany trial remains on track and we have opened another five outlets this year, as planned, taking the total to nine. Although it is still early days, we are encouraged by the performance. The concept has been well received and we are seeing encouraging signs of repeat business from a growing number of customers, both in store and online.

Consequently, we intend to continue our roll out by opening a further nine outlets in Germany during FY 2016/17, alongside wider development activity in Screwfix Europe.

Source : Kingfisher
www.kingfisher.com