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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Apr- 2025 -16 April
ProCook revenues jump 17.8% in Q4
ProCook has seen its total revenue increase by 17.8% to £15.5m during the 12 weeks ended 30 March 2025. Retail revenue increased by 14.7% to £9.6m benefitting from like-for-like growth of 1.9% – the seventh consecutive quarter of positive like for like growth. Meanwhile, e-commerce revenue increased by 23.4% to…
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2 April
Topps Tiles HY sales jump 4% to £127.7m
Topps Tiles has revealed that its group sales rose 4% to £127.7m for the 26 weeks ended 29 March 2025. Furthermore, it saw underlying sales growth in the second quarter of 4.4% after adjusting for the timing of holiday periods, up from 3.3% underlying growth in the first quarter. Underlying…
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Mar- 2025 -27 March
Lakeland becomes latest bid target for Modella Capital
Homewares retailer Lakeland has become the latest takeover target of retail investor firm Modella Capital, Sky News has revealed. The investment firm, which owns Hobbycraft and The Original Factory Shop, is among a small number of parties trying to acquire a controlling stake in Lakeland. According to retail industry sources,…
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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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