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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Dec- 2021 -2 December
Halfords acquires automotive service company for £62m
Halfords has announced the purchase of tyre and automotive servicing company Axle Group Holdings Ltd (National) for a total consideration of £62m. The consideration will be paid in cash on the date of completion, which is expected to be 9 December 2021. A further investment of £17m will be made…
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Nov- 2021 -26 November
ScS orders hit by fall in ‘big ticket’ purchases
ScS has seen a decline in orders in recent weeks, with a one-year like-for-like order decline of 10.6% following an “unprecedented” period of pent-up demand at the beginning of the prior year. While the group started the year strong, with a two year like-for-like order intake growth for the first…
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19 November
Kingfisher profits to reach top end of forecast after strong Q3
Kingfisher believes its full-year profit will be at the top end of guidance after welcoming a strong sales performance in its third quarter of trading, with positive results seen across both its retail and trade channels on a two-year basis. Two-year LFL sales were up by 15% in the period,…
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1 November
Ikea workers to benefit from £93m Covid bonus
More than 170,000 Ikea employees are set to benefit from a share of €110m (£93m) in recognition of their efforts during the Covid pandemic. The award will be divided among the countries and apply to all Ingka Group co-workers (Ikea Retail, Ingka Centres, and Ingka Investments) employed on 31 August,…
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Oct- 2021 -28 October
Travis Perkins hikes profit guidance amid ‘robust’ trading
Travis Perkins has upgraded its expected profit for its full-year results following a period of “robust” trading in recent months. The group now expects to report a profit of “at least” £340m, including around £40m in property profits. It comes as the group welcomed positive trading momentum with a like-for-like…
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27 October
Wickes sees Q3 sales slow amid DIY hiatus
Wickes has revealed its total like-for-like sales fell 1.6% in the 13-week period ending 25 September 2021 as the peak DIY period begins to mellow. Despite core like-for-like sales declining by 2.3% year-on-year, the retailer said it was still supported by a “strong” performance in local trade. However, on a…
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19 October
IKEA UK joins sustainability partnership
IKEA UK has announced a new partnership with climate solutions charity, Ashden, for the ‘Let’s Go Zero initiative’, a coalition campaign which aims to support UK schools’ efforts to reduce their emissions and calls for government action on greening schools. The campaign will see IKEA UK help to target zero…
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14 October
Dunelm Q1 sales grow to £388.8m despite ongoing supply issues
Dunelm has revealed its total sales for the 13-week period ending 25 September increased by 8.3% to £388.8m, despite ongoing supply issues. The growth was mainly driven by the positive customer response to the summer sale in July, improved product availability and some new ranges in the furniture categories. During…
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7 October
Victorian Plumbing FY21 sales rise 29%
Victorian Plumbing Group has reported revenue growth of 29% for the full-year ending 30 September 2021. The online retailer said the growth reflected “strong” trading in the first three quarters of the year and more “subdued” market conditions as lockdown restrictions were eased, before customer demand improved in September. During…
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Sep- 2021 -23 September
DFS returns to profit in FY21
Furniture retailer DFS has announced that it has returned to profitability in its latest results for the 52-week period ending 27 June 2021. During the period, underlying pre-tax profits reached £105.8m from a previous year’s loss of £63.1m. Revenue also grew by 47.4% to £1.06bn from £724.5m in 2020 and…
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