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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Nov- 2019 -27 November
SCS reports sales slump
Furnishings retailer SCS has reported a fall in like-for-like sales amid “growing political uncertainty”. In the 17 week period ended 23 November, like-for-like sales fell by 7.1%. Meanwhile, overall like-for-like sales fell by 4% in a two-year period. The company said this was an “improvement” on the like-for-like trading in…
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26 November
Topps Tiles warns of ‘heightened economic uncertainty’ as sales slump
Topps Tiles has reported a 7.2% decrease in like-for-like revenues for the first eight weeks of its new financial year, due to “heightened political and economic uncertainty”. The DIY retailer warned that it has seen “weakened” consumer demand since the UK general election was called in late October, and comes…
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20 November
Kingfisher sales take a tumble in Q3
Kingfisher, the parent company of B&Q and Screwfix, has announced a poor quarter of sales in its latest trading update. Total sales slumped by 3.2%, in what CEO Thierry Garnierd called a “disappointing” result. Like-for-like sales were also down 3.7% for the quarter. Kingfisher said that disruption from new product…
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8 November
Halfords acquires garage chain amid profit plunge
Halfords has announced the acquisition of garage chain McConechy’s Tyre Service after closing a deal worth around £9.3m. The deal, which will see Halfords acquire all 60 sites and 100 vans belonging to the independent chain, will now allow the retailer to operate in more than 900 service locations across…
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7 November
Ikea UK sales top £2bn in 2019
Furniture retailer Ikea has announced that total annual sales in the UK have soared by 8% to £2.1bn for the year ended 31 August 2019. The retail giant said it has continued to “outperform” the market in home furnishings, with an increase to 9% in the company’s UK market share,…
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Oct- 2019 -22 October
Wickes helps boost Travis Perkins Q3 sales by 3.8%
DIY retailer Travis Perkins has reported a 3.8% increase in Q3 sales boosted in part by a “strong performance” from its Wickes brand. For the three month period ending 30 September 2019, Travis Perkins saw like-for-like sales increase by 3.4%, with its Toolstation brand recording total sales growth of 21.3%…
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8 October
Ikea could face large EU back-tax bill
Swedish furniture giant Ikea is facing the possibility of having to pay millions of euros in back taxes, as the European Commission nears its investigation into the company. According to CityAm, the two-year probe into Ikea, which was launched after its parent company Inter Ikea was found to have avoided…
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Sep- 2019 -4 September
Halfords sales fall 3.9% amid poor weather and consumer confidence
Halfords has reported a 3.9% drop in revenues for the 20-week period ending 16 August, after it revealed “wetter weather” and “weak consumer confidence” impacted sales. Like-for-like revenue at a group level declined by 3.2% in the period, with retail sales falling 3.9% and motoring by 5.9%. Halfords said while…
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Aug- 2019 -15 August
Homebase appoints Ian Penney as director of Bathstore
Homebase has appointed Ian Penney as director of Bathstore, after the bathroom chain was brought out of administration last month. As director, Penney will take direct management responsibility for all aspects of the Bathstore business, including the concession roll out into Homebase, and digital offerings. Having started his career as…
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Jul- 2019 -22 July
Homebase close to buying out Bathstore
DIY retailer Homebase is reportedly closing in on acquiring bathroom retailer Bathstore, according to The Telegraph. The company entered administration last month, with accounting firm BDO, after it failed to find a buyer for the business, placing 500 jobs and 135 stores at risk. It has not been confirmed whether…
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