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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Nov- 2022 -25 November
ScS hails resilient trading despite challenging conditions
Furniture retailer ScS has said it is “encouraged” by a period of “resilient trading” despite facing challenging economic conditions. In a trading update ahead of its AGM, it revealed like-for-like order intake has seen an improvement in recent weeks, with trading ahead of the prior year. Total like-for-like order intake…
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24 November
Kingfisher lowers upper end of FY guidance
Home improvement retailer Kingfisher has lowered its upper guidance for its FY 22/23 pre-tax profit range despite seeing an increase in sales for the three months to October 31. The B&Q owner said it now expects its FY adjusted pre-tax profits to come in between £730m to £760m. However, overall…
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23 November
Halfords H1 profits fall to £29m amid ‘softening’ trade
Halfords has reported that underlying profit before tax fell by 49.9% to £29m in the first half of the year, down from £57.9m the prior year, despite a “resilient” performance in the period. The group also downgraded its full-year guidance after a “softening” of trading in discretionary areas of spend,…
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11 November
The Works sales rise in H1 despite online slowdown
The Works has reported total sales for the half-year increased by 2.1%, with total like-for-like sales having increased 0.6%. Store trading was also positive, having increased by 3.5% on a like-for-like basis. However, the group’s online sales declined by 16.9% over the period, though results show it is still 50%…
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10 November
B&M maintains FY23 outlook despite £40m profit drop
B&M has maintained its previous guidance for the full year (FY23) with group adjusted Ebitda expected to be in the range of £550m-£600m, as the company expects to retain customers due to the economic crunch. This comes despite a 16.7% drop in pre-tax profits year-on-year for the 26 weeks to…
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4 November
Bensons for Beds re-opens Eve Sleep’s UK website
Bensons for Beds has re-opened evesleep.co.uk less than three weeks after it bought eve Sleep’s brand and intellectual property. As it revealed in October, Eve Sleep is being retained by Bensons as a standalone brand. Returning in time for the key trading period, it said the website includes its six…
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4 November
DFS order volumes recover in September
DFS has reported that its order volumes have grown relative to FY22 and the pre-pandemic financial year since early September, following the group’s full year result announcement on 15 September. It is reported that the retailer’s overall performance is in line with its mid case scenario of around £36m in…
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Oct- 2022 -21 October
Wickes reports stable Q3 trading but warns of energy costs
Wickes has reported stable trading in its third quarter, with sales rising by 2.6% against the 0.8% growth reported for the first half, but has warned of rising energy costs in FY23. As trading stabilised in the period, sales were flat on a one year basis, but remained 27.3% ahead…
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20 October
Travis Perkins Q3 sales jump 10%
Travis Perkins has revealed it delivered a resilient third quarter trading performance with total sales growth of 10.7% and like-for-like sales growth of 7.4%. It added the Merchanting businesses “continued to outperform their markets”, delivering total sales growth of 11.5% with trading performance remaining consistent throughout the quarter. Travis Perkins…
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5 October
Topps Tiles hails ‘record’ FY22 sales
Topps Tiles has revealed its sales for the 52-week period ended 1 October 2022 (FY22) hit £247.3m, marking a second consecutive “record” year of turnover, with year-on-year sales growth of 10.6%. Group sales in the 13 weeks to 1 October (Q4) also increased 4.3% year-on-year, and average weekly sales per…
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