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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Jul- 2022 -1 July
Ikea owner launches circular economy hub in Hammersmith
Ikea owner Ingka Group has officially opened a new Library of Things at Livat Hammersmith, a circular economy concept that allows customers to “affordably borrow” everyday items. Items such as drills, sound systems and sewing machines will be available to borrow from the local hub, while Ingka Group said the…
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Jun- 2022 -29 June
B&M retains profit forecast despite Q1 revenue drop
B&M has reported its group revenues declined 2.2% year-on-year from £1.18bn to £1.15bn in the 13 week period ending 25 June 2022 (Q1 FY23). However, the company is retaining its FY23 guidance which expects group EBITDA to be in the range of £550m to £600m. The company’s UK revenues in…
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28 June
Hobbycraft revenues up 15% as online sales soar
Hobbycraft has welcomed a “robust” set of results in its latest financial year, as revenue rose by 14.8% to £203.1m, up from £176.9m in FY21. Its full-year adjusted EBITDA hit £15.0m, meanwhile, up from £13.8m in FY21 and £14.8m in FY20, before the pandemic. Overall, the group saw a total…
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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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