DIY
DIY covers the latest business developments and trends across the UK home improvement and hardware retail sector. This section reports on trading performance, consumer demand, sustainability initiatives, and supply chain management among leading DIY and home retail brands. Retail Sector’s DIY coverage provides insight into how retailers are adapting to shifts in housing, lifestyle, and economic conditions — offering practical analysis for executives, suppliers, and category managers shaping strategy and operations in this competitive market.
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Jul- 2024 -23 July
Tapi rescues Carpetright brand as 1,500 jobs lost
Rival brand Tapi has acquired the Carpetright brand and 54 of its stores out of administration but more than 1,500 jobs are set to be axed, it has been revealed. Whilst the deal has saved over 300 jobs, administrators from PwC said it was with “deep regret” that 1,018 employees were…
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22 July
Homebase owner considers sale amid interest from The Range
Homebase owner Hilco Capital is reportedly considering a sale after it was approached from The Range for the DIY retailer, according to reports from Sky News. A formal sales process is set to commence in the coming days with other potential bidders involved. Sources suggested that the interest from The…
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19 July
Carpetright rival close to rescue deal
Carpetright competitor, Tapi, is reportedly close to striking a deal to acquire the retailer out of administration, according to The Times. This comes after Carpetright placed its administrators at PwC on standby last Friday (12 July), as it sought “a period of protection” to secure an additional investment. While the…
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12 July
Carpetright drafts in advisers to explore sale
Carpetright has reportedly been put up for sale amid increased competition and a slowdown in demand, according to The Times. The company has drafted in advisers PwC to launch a formal sales process with a sale likely to be completed as a pre-pack deal. It could also come in the…
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10 July
Travis Perkins appoints Pete Redfern as new CEO
Travis Perkins has announced the appointment of Pete Redfern as its new chief executive officer, following an “extensive and rigorous” search process. Effective from 16 September, Redfern will succeed Nick Roberts who will step down from his role as CEO on the same day. Redfern will bring over two decades…
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3 July
Topps Tiles Q3 sales fall 6.9% amid ‘subdued demand’
Topps Tiles has reported that sales were 6.9% lower year-on-year during the third quarter to 29 June, as the trading environment remained “broadly unchanged” from that described in its interim results on 21 May. It revealed group sales were also 6.2% lower than the prior year in the 39-week period.…
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3 July
B&Q appoints new director of responsible business
B&Q has announced the appointment of Joanna Gluzman as director of responsible business. Gluzman has over 25 years of experience spanning ESG and investor relations, most recently at PZ Cussons, a FTSE 250 FMCG company as chief sustainability officer overseeing the sustainability strategy and implementation internationally. She has also held…
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Jun- 2024 -26 June
Sharps Bedrooms acquires Clever Closet
Sharps Bedrooms, the fitted furniture company, has revealed it has completed a deal to acquire Clever Closet for an undisclosed sum. Set up in 2010 by founder Paul Jacob, Clever Closet provides fully fitted under stairs storage and loft solutions across the UK. Jacob will continue to support the business…
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13 June
Kingfisher unveils new decarbonisation targets for vendors
B&Q owner Kingfisher has unveiled “ambitious” decarbonisation targets for its vendors as part of an ongoing plan to reduce carbon emissions.The company said it will work alongside the suppliers to hit three levels of common target, depending on the scale of their impact on Kingfisher’s Scope 3 emissions. The targets…
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12 June
DFS slashes FY guidance amid Red Sea disruption and weak demand
DFS has downgraded its full-year guidance amid “challenging” consumer demand and ongoing disruption issues in the Red Sea, which have caused delivery delays and higher freight costs. In its latest update, the company said it now expects profit-before-tax to be in the range of £10m to £12m in the full-year, down…
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