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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Oct- 2023 -4 October
Topps Tiles welcomes record turnover for third consecutive year
Topps Tiles has seen revenues hit £263m in FY23, marking the third consecutive year of record turnover for the group, with sales now £40m above FY19 levels. Sales rose by 6.4% against the prior year after a “significant outperformance” in the UK tiling market, as the group said it is…
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Sep- 2023 -21 September
DFS profits halve in full-year results
DFS profits have halved in its latest full-year results, falling by 49.2% to £29.7m, down from £58.5m the year before, as the group contended with a “very tough market” over the period. Revenues from continuing operations were also down by 5.3%, falling to £1.09bn Nonetheless, this was still 13.8% ahead…
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20 September
Dunelm welcomes record sales of £1.64bn in FY23
Dunelm has welcomed record sales in its full-year results, with revenues up by 5.5% to £1.64bn, despite profits falling over the period. In the year ended 1 July 2023, profits fell by 7.7% to £192.7m, though the group said this was “particularly pleasing given the impact of operating cost inflation…
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18 September
Andrews Tiles expands with two new sites
Leeds-based tile firm Andrews Tiles has expanded its range of sites, entering Greater Manchester for the first time in the company’s 137-year history. The company has opened a new site in Bredbury, Greater Manchester, and a base in Seacroft, its home city. The new openings add to the retailer’s Meanwood…
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12 September
Wickes revenues hit £827.7m in H1 as DIFM sales recover
Wickes revenues grew 0.7% to £827.7m in the 26-week period to 1 July, following a sales uplift of 5.8% in ‘Do It For Me’ (DIFM) activity. The group’s adjusted profit before tax and SaaS IT investment costs hit £34.8m compared with £41.3m in H1 2022, as cost inflation exceeded revenue…
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7 September
DFS secures £250m in credit facilities
DFS has completed a new £200m revolving credit facility and £50m issue of US private placement notes, replacing the retailer’s existing £215m RCF. The new credit facility, which has been agreed with existing banking partners, will mature in September 2027 and includes an option to extend a further 16 months. …
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6 September
Homeware brand Søstrene Grene to open in Liverpool
Danish homeware retailer Søstrene Grene has announced plans to open its first Liverpool store on Bold Street, with the official opening date set to be announced very soon. The brand, which promises to bring “a touch of Danish charm and ‘hygge’” to the city, will stock minimal, Scandinavian designs in…
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Aug- 2023 -3 August
ScS full-year profits to meet market expectations
ScS has said it expects to report that full year profits will be in line with market expectations, as the group’s cash position stands at £69.5m with no debt for the year ended 29 July. This comes as the group achieved strong like-for-like order growth of 6% from weeks 34…
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1 August
Travis Perkins profits plummet 31% in H1
Travis Perkins has seen its operating profit plummet 31% to £112m in the first half of the year, reflecting weak domestic and new build housing markets over the period. Amid challenging market conditions, revenues also dipped by 2.5% to £2.47bn. In light of a lower trading profit, the phasing of…
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Jul- 2023 -25 July
Wickes Q2 LFL sales up 3%
Wickes Group has announced that its like-for-like sales for the 13 weeks to 1 July were up 3%. Alongside this the company’s like-for-like sales for the first half of the year were up 0.7% despite the fact that Q1 like-for-like sales were down 1.8%. The company’s core LFL sales were…
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