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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May- 2022 -17 May
Victorian Plumbing H1 profits fall to £2.7m
Victorian Plumbing Group has revealed its operating profit for the first half of the year has fallen 80% YOY to £2.7m. The online bathroom retailer also revealed revenues for the period were down 5% year-on-year to £133.9m (H1 2021: £140.7m), lapping a “tough comparable period” resulting from market outperformance during…
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16 May
Screwfix to open 80 new stores
Kingfisher-owned Screwix is set to open 80 new stores by the start of next year, creating around 800 new retail jobs. Boosted by the home-improvement surge during the pandemic lockdowns, the retailer revealed it has seen sustained demand from tradespeople and is set to expand its presence in the UK…
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13 May
Dobbies granted planning permission for new store at Reading
Dobbies, the UK’s leading garden centre retailer, has today (Friday 13 May) announced it has been granted planning permission to build a new 60,000 sq ft store in Reading. The retailer currently has a store at Hyde End Road, Shinfield, and the new store will be built on the land…
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10 May
Ikea stores to receive €3bn investment by end of next year
Ingka Group is set to accelerate its expansion by investing more than €3bn (£2.57bn) in new and existing Ikea stores by the end of next year to help make Ikea more accessible for customers. It said the investment reflects the ongoing retail transformation and the company’s “unchanged determination to get…
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Apr- 2022 -22 April
B&M CEO to step down after 17 years
B&M has announced that Simon Arora, the chief executive officer (CEO) and director of the company, will retire from his role after over 17 years leading the business. Arora will exit in 12 months’ time, and B&M said that over the coming year, he will remain “fully committed” to the…
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14 April
Dunelm Q3 sales surge 69% despite ‘significant’ headwinds
Dunelm Group plc has reported its total sales surged 69% to £399m for the 13-week period ended 26 March 2022 (Q3) compared to £236.6m in FY21 with growth across all channels. The group said its growth was achieved despite “significant” raw materials and freight cost increases, and ongoing supply chain…
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4 April
Dunelm opens new format store at The Springs Leeds
Dunelm has announced it is set to open a new 18,362 square feet sales store with mezzanine in Leeds after it confirmed a further agreement with The Springs out of town retail and leisure shopping centre. This will be Dunelm’s first new smaller format store in the country and its…
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Mar- 2022 -30 March
IKEA to close Tottenham store, putting 450 roles at risk
Ikea has announced the proposed closure of its Tottenham store in Edmonton, North London, placing the jobs of 450 co-workers at risk. The announcement forms part of the business’ £1bn transformation plan to further invest in London over the next three years to “better meet the needs” of its customers.…
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25 March
Wickes profit soars 71% in FY21 as it ‘outperforms’ market
Wickes has announced that its profit-before-tax soared by 71.7% to £85m in FY21, up from £49.5m the year before, as it hailed a “year of excellent growth”. In the period ended 1 January 2022, the group also welcomed a revenue rise of 14% to £1.53bn, up from £1.35bn in 2020,…
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22 March
ScS posts a £3.6m loss amid supply chain disruptions
Home furnishings retailer ScS has reported a loss before tax of £3.6m during the 26 weeks ended 29 January 2022, as supply chain disruption impacted sales and revenues. ScS reported a 16% drop in revenues to £145.9m compared with FY21 and a 4% drop in comparison with H1 2020. Despite…
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