DIY
The latest news, updates and analysis on the DIY and home improvements segment of the the UK retail industry. Sign up to the Daily Briefing and let Retail Sector’s business journalists keep you in the picture.
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Dec- 2023 -14 December
Piglet in Bed opens first store in Harrogate
The British bedding and lifestyle brand, Piglet in Bed, has opened its first store in Harrogate this December. The retailer, which is known for its 100% linen bedding and other natural homewares, has been running as an ecommerce-only business since it was founded in West Sussex in 2017. The store…
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Nov- 2023 -22 November
Kingfisher lowers profit guidance amid slight sales drop
Kingfisher has lowered its profit guidance for the year after it saw its sales slip 2.1% to £3.2bn for the three months ended 31 October 2023. The company’s sales fell 2.7% on a constant currency basis and it now expects its full-year profit before tax to end around £560m down…
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20 November
Van firm eyes Halfords for £1.3bn merger
Halfords has reportedly been approached by van hire firm Redde Northgate about a possible £1.3bn merger deal, according to The Sunday Times. The outlet revealed that the two firms have had discussions, with sources claiming Redde Northgate proposed a nil-premium merger. However, it is thought that Halfords have currently stepped…
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9 November
B&M raises guidance as H1 sales rise 10%
B&M has upped its full-year outlook following a period of strong trading in H1, as sales rose by 10.4% to £2.5bn over the period. In the half-year ended 23 September 2023, profit-before-tax hit £222m, up from £201m the prior year, while adjusted EBITDA rose by 16.1% to £269m. In light…
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3 November
Wickes maintains FY guidance as it increases market share
Wickes has said it is on track to meet its FY guidance, expecting an adjusted pre-tax profit of £45.3m to £49m for FY24, as its market share grew and like-for-like sales inched up 1.1% in Q3. This is despite a 0.2% decline that was attributed to negative 4.4% growth in…
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Oct- 2023 -30 October
Andrews Tiles launches TheTilersHub.co.uk
Andrews Tiles has announced the launch of its online venture TheTilersHub.co.uk, which sells DIY products with next day delivery. The launch comes after the retailer made a “considerable” expansion this year, which included two new site openings in Seacroft and Stockport in Greater Manchester. The retailer attributed its expansion to…
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25 October
Poundland to open 75 stores by end of December
Poundland has announced its plans to open or relocate 75 stores over the three months to the end of December. The programme covers both its existing pipeline of new stores, and the former Wilko stores it has already opened, or plans to open, as new Poundland stores. This month the…
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19 October
Dunelm eyes increased market share amid strong Q1
Dunelm has seen sales rise by 9% to £390m in the first quarter of the year, following a strong period of growth that was largely driven by volume, amid plans to further its market share. The group welcomed a strong performance in both its stores and digital channels, with the…
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13 October
Ikea sees sales jump 6% to €47.6bn
Ikea has posted sales of €47.6bn (£41.1bn), up 6.6% compared with FY22, for the year ended 31 August 2023 despite facing what it called the “continued challenge of lower sales quantities”. Alongside this, the company’s UK sales rose 11.9% to £2.46bn, with the company stating that number was boosted by…
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11 October
Travis Perkins cuts guidance amid slowdown in trading
Travis Perkins has lowered its full-year guidance after facing challenging market conditions and a “pronounced slowdown” in new build housing and domestic RMI activity in Q3. In light of this, full-year adjusted operating profit is now expected to be in the range of £175m to £195m. It comes as group…
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