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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Feb- 2022 -3 February
ScS reports strong winter trading as order book hits £148m
ScS, the upholstered furniture and flooring retailer, has hailed a period of strong winter trading which has also seen its order book double in size to £148m. For the 26 weeks ended 29 January 2022, it said the group “traded well” through the important winter sale period and order intake…
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Jan- 2022 -20 January
Wickes maintains profit expectations with rise in sales
Wickes has reported its sales increased by 14% in the 13 weeks ending 25 December 2021 (Q4) compared to pre-Covid levels, despite a year-on-year fall by 5%. The group continues to report pre-tax profit expectations of £83m, with full year sales up 13.3% compared to the previous year, and up…
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12 January
Dunelm ups guidance amid ‘record’ quarter
Dunelm has welcomed a “record” quarter of trading in recent weeks, and now expects its half-year profit to be around £140m, up from £112m the prior year, with full-year results expected to be ahead of previous guidance. It comes as the retailer saw total sales hit £407m in the quarter…
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6 January
Made sees sales surge 38% to £434m
Made.com has seen its sales surge 38% year-on-year to £434m, boosted by its marketplace offering and its performance in the UK and Continental Europe. In the 52 week period ending 31 December 2021 it reported that UK sales increased 38% to £228m, while Continental Europe also saw a 38% increase…
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6 January
B&M ups guidance following strong festive trading
B&M has announced it has raised its guidance for FY22 following a period of “very strong” trading in the run-up to Christmas. The retailer’s EBITDA is now expected to be in the range of £605m to £625m, ahead of analysts’ current estimate of £578m. Although total UK revenue was down…
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Dec- 2021 -22 December
Wickes appoints new retail director
Wickes has announced the appointment of Carol Campbell to the newly created role of retail director, with effect 6 January 2022. In her new role, which will oversee all of the retail operations for Wickes’ 232 stores, she will report to COO, Fraser Longden. She has worked in retail for…
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13 December
Dunelm signs £185m credit deal linked to sustainability
Dunelm Group plc has announced the signing of a £185m sustainability-linked unsecured revolving credit facility (“RCF”). It revealed the deal is signed from banks, Barclays Bank PLC, Lloyds Bank Plc, National Westminster Bank PLC, Banco Santander, S.A., London Branch and Credit Industriel et Commercial. The facility has an initial term…
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10 December
B&M to pay £250m to shareholders
B&M has announced that its board will pay out a total of £250m to shareholders after declaring a special dividend of 25.0p per share. It comes as the group welcomed a “strong” performance against pre-pandemic levels in its FY22 interim results on 11 November, with an ongoing evaluation of its…
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9 December
IKEA exceeds Living Wage rates amid pay rise
IKEA has exceeded the new real Living Wage rates in its latest pay increase, which sees staff wages rise to at least £11.30 an hour in London and £10.10 in the rest of the country. Retail trade union Usdaw has welcomed the pay rise, as the union’s New Deal for…
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3 December
Wickes ups profit guidance amid ‘strong’ Q4 sales
Wickes has increased its full-year earnings expectations after a “strong” fourth-quarter trading period, with profit expected to be no less than £83m. It revealed the firm has “benefitted” from its “balanced business model”, with sales in line with expectations. Delivered sales in Do It For Me (DIFM) are “strengthening” as…
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