DIY
DIY covers the latest business developments and trends across the UK home improvement and hardware retail sector. This section reports on trading performance, consumer demand, sustainability initiatives, and supply chain management among leading DIY and home retail brands. Retail Sectorโs DIY coverage provides insight into how retailers are adapting to shifts in housing, lifestyle, and economic conditions โ offering practical analysis for executives, suppliers, and category managers shaping strategy and operations in this competitive market.
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May- 2020 -29 May
B&M sales surge amid lockdown
B&M has revealed it enjoyed a โstrongโ end to its fourth quarter trading, with like-for-like revenues up 6.6% in the quarter ended 28 March. The value retailer said that this result was driven by an โexceptionallyโ strong March performance in its grocery sector.ย The group also reported a โstrongโ revenue…
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12 May
Kingfisher sales drop 25% in Q1 results
B&Q and Screwfix owner B&Q has revealed its first quarter sales fell by 24.8% to ยฃ2.2bn as the impact of the coronavirus hit its core markets of UK, Ireland and France. Kingfisher said it saw UK and Ireland sales fall 14.7% to ยฃ1.09bn, with B&Q sales plummeting 22.1% to ยฃ663m.…
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Apr- 2020 -27 April
Homebase reopens 20 stores
DIY retailer Homebase has revealed it has reopened 20 of its stores across the UK after it was deemed an essential service. In March, Homebase was classified as an essential retailer by the Government, meaning that its stores could continue trading. However, it said that with the safety of its…
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23 April
Gordon Brothers rescues Laura Ashley from administration
Embattled retailer Laura Ashley has been rescued from administration by global investment firm Gordon Brothers for an undisclosed sum. Gordon Brothers revealed it has acquired the global Laura Ashley brand, archives, and related intellectual property from the Laura Ashley groupโs administrators PwC. Ramez Toubassy, president of brands for Gordon Brothers…
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Mar- 2020 -25 March
Halfords forecast 25% sales slump
Halfords has warned that sales will โdrop sharplyโ in light of the coronavirus outbreak, with a forecasted sales decline of 25%. After modelling a range of disruption scenarios that assume โsignificant sales declinesโ between April and June, it predicts its next full-year results will see a loss of ยฃ300m in…
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Feb- 2020 -27 February
Homebase turnaround bears fruit as it returns to profit
DIY retailer Homebase said it has โreturned to profit ahead of planโ in its latest trading update, recording profits of ยฃ3.2m in 2019, compared with a loss of ยฃ114.5m in 2018. As a result, Homebase said the proposed completion of its CVA is likely to conclude 18-months ahead of schedule,…
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12 February
Inter Ikea appoints new CEO
Inter Ikea has announced that Torbjรถrn Lรถรถf, who has been the companyโs CEO for the past seven years, is to step down from his role and will be replaced by Jon Abrahamsson Ring. To ensure a โgood handoverโ, Ikea said Ring, who is a former assistant to Ikea founder Ingvar…
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Jan- 2020 -16 January
Halfords hails โstrongโ Q3 sales performance
Halfords has reported a โsolidโ performance in its third quarter of trading, with total group revenue up 4.6%. In the 14 weeks ended 3 January 2020, like-for-like revenue was also up 1.3%. Retail cycling delivered โstrong sales growthโ in particular, with like-for-like sales increasing 5.9% in the period.ย Halfords said…
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Dec- 2019 -5 December
Dunelm profits to beat expectations
Dunelm expects its full-year profits to beat original forecasts, the company said in its latest trading update. The furniture and homeware retailer said that gross margins were โstronger than expectedโ in the financial year to date, and believes that this is a result of โsourcing gains and better sell throughโ.…
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Nov- 2019 -27 November
Ikea profits slip amid increased focus on online business
DIY retail giant Ikea has reported a 10% decrease in profits for the year to the end of August 2019, amid an increased focus on its online business. The retailer said online sales growth was close to 50% during the period and is now surpassing 10% of total retail sales.…
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