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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Mar- 2025 -25 March
Kingfisher profits fall 7% to £528m in FY24
Kingfisher has reported a 7% dip in profits to £528m, including £33m of one-off business rates refunds at B&Q, during the year ended 31 January 2025. The home improvement retailer, which owns B&Q and Screwfix, has seen its total sales decrease 0.8% to £12.7bn. Operating profit for the group also…
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24 March
The Range opens new superstore concept in Ruislip
UK home, leisure and garden retailer, The Range, has opened a new superstore in Ruislip featuring its first ‘Kitchens by Homebase’ concept. The ‘Kitchens by Homebase’ is the latest addition to be introduced to The Range superstores allowing customers to find their “dream kitchen”, with design specialists on hand to…
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20 March
Wickes profits fall amid decreased consumer demand
Wickes has revealed that its adjusted profit-before-tax fell to £43.6m, down from £52m, for the full year ended 28 December 2024, amid weaker consumer demand for larger ticket items and operating cost inflation. Alongside this, the company saw its total revenue fall 1% year-on-year to £1.54bn, down from £1.55bn in…
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18 March
Ikea to open Oxford Street store in May
Ikea has revealed that it will open the doors of its Oxford Street store on 1 May following an extensive environmental upgrade of the Grade II listed building in central London. The new Oxford Street store will offer the traditional “Ikea experience”: a showroom packed with roomsets, a market-hall filled…
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17 March
Screwfix to open 35 new stores by Jan 2026
Screwfix, the omnichannel retailer, has announced plans to open up to 35 new stores across the UK and Ireland by the end of January 2026, creating more than 400 jobs in local communities. The store opening strategy is spearheaded by its recently launched new store format, Screwfix City. Screwfix opened…
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13 March
DFS Furniture profits surge to £17.0m in H1 FY25
DFS Furniture Group has seen its underlying profit performance, uPBT(A) almost doubled to £17m in H1 FY25 (H1 FY24: £8.7m), despite a relatively flat growth in revenues of 0.1% to £504.5m. For the 26 week period ended 29 December 2024, the group’s gross sales were also up 1.4% to £675.6m…
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5 March
B&Q increases hourly pay to £12.71
B&Q has announced that it will be increasing its UK minimum hourly rate to £12.71 per hour, and its London rate to up to £14.05 per hour. The increase will be paid in full from 1st April and not staggered across the year meaning that from April 2025, over 15,000…
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4 March
CMA nears approval for Topps Tiles’ acquisition of CTD Tiles
The Competition and Markets Authority (CMA) has confirmed it is nearing a green light for Topps Tiles’ £9m acquisition of CTD Tiles. Following an investigation amid competition concerns, the CMA said both groups had offered to divest tile stores in Aberdeen, Inverness, Edinburgh and Dorking. In light of this it…
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4 March
Oak Furnitureland losses narrow by 19% to £12.4m in FY24
Oak Furnitureland has narrowed its losses by 19% to £12.4m, down from a previous loss of £15.4m, in the year ended 30 June 2024, despite group revenues falling by 17% to £236m due to a soft market and Red Sea disruptions. The group attributed its narrowed losses to its “diverse”…
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Feb- 2025 -25 February
Victorian Plumbing ‘on track’ amid Q2 sales increase
Victorian Plumbing has announced that it is “on track” to deliver profit in line with its full-year expectations as sales in Q2 rose. As a result, the company stated that it expects its half-year sales to have increased 5% after sales growth in January and February. The company put part…
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