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 Sectorโs DIY coverage provides insight into how retailers are adapting to shifts in housing, lifestyle, and economic conditions โ offering practical analysis for executives, suppliers, and category managers shaping strategy and operations in this competitive market.
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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 โcontinued to outperform their marketsโ, 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 โrecordโ FY22 sales
Topps Tiles has revealed its sales for the 52-week period ended 1 October 2022 (FY22) hit ยฃ247.3m, marking a second consecutive โrecordโ 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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Sep- 2022 -7 September
Halfords revenue up 9.2% as group targets ยฃ75m profit in FY23
Halfords has revealed a total revenue growth of 9.2% against the prior year in the 20-weeks ended 19 August 2022. Total revenue was also up by 30.3% against FY20, with all segments showing a like-for-like growth over three years.ย Against FY20, revenue at its autocentres increased by 28.2%, while retail…
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Aug- 2022 -11 August
Halfords cuts prices to help ease the rising cost of motoring
Halfords has announced it has launched new initiatives, including cutting its prices across all of its motoring products, in a bid to to help UK consumers with the rising cost of motoring. Halford said it comes as its own research found that one in six drivers are โtrying to spend…
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Jul- 2022 -19 July
Made.com issues FY profit warning amid โvolatileโ trading
Made.com has issued a profit warning for FY22 as recent trading has been โvolatileโ amid worsening consumer confidence, which has in turn impacted demand for big-ticket purchases. According to the retailer, the dip in consumer confidence has made new customer acquisition at financially attractive rates โchallengingโ, while gross sales for…
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14 July
Topps Tiles stands behind chairman despite shareholder revolt
Bathroom and kitchen flooring retailer Topps Tiles has revealed it is set to stick with its chairman Darren Shapland despite seeing a number of its shareholders vote against his re-election at its AGM back in January. During its AGM at the start of the year, some 22% of its shareholders…
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6 July
Travis Perkins reports progress towards decarbonisation targets
Travis Perkins has announced that it is making good progress towards the ambitious Science Based Targets initiative (SBTi), a set of accredited carbon targets. The company first announced its participation in the initiative last year.ย ย It is reported that the groupโs implementation of carbon data reporting, introduction of alternative fuel…
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5 July
Wickes and iSite partner to launch shoppable digital content
Wickes has partnered with iSite to launch a โuniqueโ new home improvement space with over 130 online shoppable videos. The group said the recent launch and partnership reinforces the brandโs strategy to support project-based shopping.ย The new feature is said to be a โgreat solutionโ for customers, which merges content…
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4 July
Grafton Group CEO to step down
Grafton Group plc has announced that Gavin Slark has informed the board of his intention to step down as chief executive officer later this year after 11 years in the role. Slark will reportedly continue in his roles as CEO and board director until stepping down from both roles on…
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