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- 2021 -16 February
Cox and Cox sees FY sales up 75%
Homeware retailer Cox and Cox has reported a “strong” Q4 that saw sales up 85.4% up on the previous year, rounding off another year of growth for the firm with sales up 74.5% for the full year. While exact sales figures were not given, in its latest trading update the…
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16 February
Dunelm deputy chair raises £192m from share sale
Dunelm has announced that Will Adderley, deputy chairman at the home furnishings retailer, has sold 15 million shares in the company, totalling £192m. Placed at 1,280 pence per share, the £192m sale represents 7.4% of the issued share capital of the firm. Adderley now directly holds 17.8% of Dunelm’s shares,…
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Jan- 2021 -29 January
Screwfix reaches £2bn in yearly sales
Omnichannel retailer Screwfix has surpassed £2bn in sales for the year to January 2021, creating thousands of new jobs in the process. The firm has also managed to open 30 new stores in the period, bringing its UK and Ireland portfolio to 725. The sales milestone represents a doubling in…
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15 January
Dunelm revenues up 11% despite store closures
Homeware retailer Dunelm has reported an 11.8% increase in revenues for the 13-week period ended 26 December 2020, despite having the majority of its stores closed due to Covid-19 restrictions. Dunelm reported revenues of £360.4m during the period, which the retailer said reflected the fact that despite restrictions consumer demand…
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12 January
Kingfisher reports online sales boom
Kingfisher has reported that a rise in online sales during its fourth quarter, in the 10 weeks to 9 January, has boosted like-for-like sales by 16.95%. It comes as the home improvement retail group, which owns brands such as B&Q, revealed e-commerce sales increased by over 150% in its latest…
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7 January
B&M revenue soars 23% in Q3
The UK’s largest variety goods value retailer, B&M, has reported a growth in revenue of 22.5% for the 13 weeks ended 26 December 2020. The group announced that the £60.5m rise in total group revenues when compared to the same period last year has contributed to an expected adjusted EBITDA…
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6 January
Travis Perkins appoints new chair
Travis Perkins, the home improvement retailer, has announced the appointment of Jasmine Whitbread as its new chair. Whitbread is set to succeed Stuart Chambers, who is stepping down as a director and non-executive chairman on 30 March 2021. Currently the chief executive of London First, Whitbread will join the retailer…
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Dec- 2020 -7 December
Kingfisher set to return business rates relief funds
Kingfisher has announced it intends on returning the full amount of business rates relief received to the UK and ROI as a result of the Covid-19 crisis. Kingfisher said its “total annual business rates bill” eligible for this relief is approximately £130m, of which £110m falls in FY 20/21 and…
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Nov- 2020 -25 November
Kingfisher acquires NeedHelp marketplace
Kingfisher has announced its acquisition of NeedHelp, one of Europe’s leading home improvement marketplaces, for a total cash consideration of €10m (£8.9m). Guillaume de Kergariou, founder of NeedHelp, has reinvested proceeds from the sale in a 20% interest in the business, which has resulted in the home improvement retailer owning…
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19 November
Kingfisher reports 17.6% sales growth in Q3
Kingfisher has announced that sales rose by 17.6% to £3.5bn in the third quarter ended 31 October. In light of the return of regional and national lockdowns across the UK, ecommerce sales soared by 153% in the period, which contributed towards 17% of the group’s overall sales. The B&Q owner…
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