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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Jun- 2019 -27 June
Wyevale sells Podington store to Cherry Lane
Wyevale Garden Centres has announced its Podington Garden Centre has been sold to Cherry Lane Garden Centre. The sale is expected to complete by the middle of August, with Wyevale continuing to operate the centre until this date. Cherry Lane also acquired its Barnett Hill Garden Centre in March 2019.…
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27 June
Bathstore goes into administration putting 500 jobs at risk
Bathroom retailer Bathstore has appointed audit and business advisory firm BDO as administrators as the company attempts to be sold as a going concern. The retailer has 135 stores across the UK and employs 531 staff; it will continue to trade as normal. Ryan Grant, BDO business restructuring partner, said:…
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25 June
Carpetright restructure bears fruit amid return to sales growth
Carpetright has reported its business turnaround is “on track” amid an “encouraging return to positive like-for-like sales growth”. The carpet retailer revealed in a trading update for the year ending 27 April 2019, that despite a “challenging first half” with group like-for-like revenues down 12.7%, UK like-for-like sales in the…
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May- 2019 -21 May
Halfords sees FY profits drop 17.9%
Halfords has reported a 17.9% drop in annual profits and has warned that “fragile” consumer confidence means it expects a flat outcome in its new financial year. The car parts and bicycle retailer announced its preliminary results for the 52 weeks ended 29 March 2019 that profit before tax was…
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Apr- 2019 -3 April
Topps Tiles paves way to recovery after 2018 profit fall
Topps Tiles has announced it has seen its revenues remain flat for the six months leading up to 30 March 2019, as it looks to recover from a profit fall in 2018. When announcing its first half results in November 2018, the tile retailer said it was stockpiling supplies ahead…
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Mar- 2019 -22 March
Travis Perkins appoints new COO amid plans to simplify business
Building materials retailer, Travis Perkins, has appointed Frank Elkins as its new chief operating officer for the group’s trade merchant business. The operations which Elkins will oversee include Travis Perkins builders merchants, BSS, Benchmarx, Keyline and CCF, which generate more than £3.6bn in annual revenue combined and have a branch…
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20 March
Kingfisher boss to depart amid falling profits
DIY retailer Kingfisher has announced its CEO is to step down on the same day it revealed profits for the year had plummeted 13% to £693m. Veronqiue Laury, who had been overseeing the turnaround plan of the company which owns B&Q and Screwfix, will leave the company although no date…
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20 March
Office Outlet falls into administration
Stationery retailer, Office Outlet, has entered administration putting 1,200 jobs at risk at the retailer formerly known as Staples. The collapse of the 90-store retailer comes less than a year after its management team first initiated a CVA to reduce rent and cut stores. The retailer appointed Deloitte to oversee…
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14 March
B&Q to stop selling wildlife-harming pesticide
B&Q owner, Kingfisher has announced it will become the first retailer to stop selling wildlife-harming pesticides ahead of a government ban next year. The DIY retailer will remove the products from its 1,200 stores and from its online retail arm. The move comes following a government decision last December which…
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Feb- 2019 -27 February
Travis Perkins posts strong H2 results during ‘challenging year’
Building supplies retailer Travis Perkins has announced strong financial results for the second half of 2018, despite describing trading conditions as “extremely challenging”. The retailer saw its sales for the period rise by 4.8% to £6.74bn, with its pre-tax profits increasing by 1.2% to £347m. Adjusted opening profit at the…
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