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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Jun- 2022 -17 June
Ikea to sell Russian factories as it scales down operations
Ikea has announced that it will start the process of finding new ownership for all four of its factories in Russia, and will sell out its home furnishing inventory in the country, as Ikea enters a new phase to scale down business in Russia and Belarus. On 3 March, Ikea…
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10 June
The Screwfix Foundation raises £10m since launch
Kingfisher has revealed that Screwfix’s customers and colleagues have raised £10m for The Screwfix Foundation since launching in 2013, in a bid to support charities and non-profit organisations across the UK. Through the company’s partnership with micro-donation charity Pennies, The Screwfix Foundation has received more than 29 million micro-donations from…
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9 June
DFS welcomes double digit growth in Q3
DFS has welcomed double digit growth in its order volume in its third quarter of trading, compared to the FY19 pre-pandemic period. The volume growth in the period ending 27 March 2022 was achieved despite the group offsetting “significant” cost inflation through mitigation and retail price increases. The retailer noted…
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8 June
Safestyle welcomes 6.7% revenue growth
Safestyle UK plc, the UK-focused retailer and manufacturer of PVCu replacement windows and doors for the homeowner market, has welcomed “robust” trading in the first four months of the year, with revenue up by 6.7%. Despite a cyber attack in the first quarter of the year, by the end of…
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7 June
B&M unveils new store opening in Newark
B&M has officially opened a new store in Newark, located on Northgate Retail Park. The new store boasts a range of branded products, including toys, food and drink, homeware, electricals, pet products, health and beauty and more. Representatives from Home Start Newark were invited to cut the ribbon and officially…
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6 June
CMO Group acquires clickbasin.co.uk
CMO Group, the UK’s largest online-only retailer of building materials, has acquired Whiteholme Limited, a bathroom basin e-commerce company which trades as clickbasin.co.uk, for £1.25m. Founded in 2010 and based in Preston, clickbasin.co.uk currently has a range of 320 SKUs comprising bathroom vanity units, bathroom cabinets, wall-hung basins, bathroom mirrors…
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1 June
Ikea and H&M open Atelier100 space
A new joint venture from H&M and Ingka Group, Ikea’s largest franchisee, has opened its doors to showcase London-based designers and creatives in the capital. The first Atelier100 store, which is located at Livat Hammersmith, officially opens to the public today (1 June), and is the result of a “first-of-its-kind”…
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May- 2022 -31 May
B&M appoints CEO successor as FY revenues dip
B&M has revealed that sales dipped in its latest full-year results, alongside the announcement of a new CEO, as revenue fell by 2.7% to £4.7bn against the prior year, despite increasing 22.5% on a two-year basis against FY20. Its UK fascia revenue decreased 4.1% year-on-year, largely driven by a one-year…
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26 May
Wickes sales dip despite ‘record’ order books
Wickes has revealed that like-for-like sales for the first 20 weeks of the year were down 0.6% against the prior year, with year-to-date trading in line with expectations against “strong” prior year comparatives. Core like-for-like sales were down by 7.2%, though delivered DIFM sales were up by 30.9% over the…
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23 May
Kingfisher sales drop despite supply pressures easing
Kingfisher has announced its like-for-like sales dropped 5.4% to £3.2bn in the three months ended 30 April 2022 (Q1), although this is up 16.2% from pre-pandemic levels as inflationary and supply chain pressures have eased. In the UK and Ireland, total sales fell 14.1% in Q1, but increased 16.7% on…
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