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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Jan- 2025 -17 January
CDS to open three more Range sites in former Homebase locations
CDS Superstores will be opening three new The Range sites in former Homebase stores in Stroud, Leicester and Blandford Forum on 31 January. The openings are the latest step in the group’s transformation of up to 70 ex-Homebase sites since CDS acquired them in November 2024. According to CDS Superstores,…
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17 January
DFS sales and profits rise in H1 amid market share gains
DFS has reported strong trading in its half-year results, largely driven by market share gains, lower operating costs and gross margin improvement, adding it was “cautiously optimistic” for the year ahead, despite inflationary pressures and a tough market outlook. In the half-year ended 29 December 2024, its profits are expected to…
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8 January
Home Bargains owner takes home over £1bn in dividends
The billionaire owner of Home Bargains has paid himself more than £1bn in dividends after the discount retailer welcomed rising sales and profits in its latest full-year results.Tom Morris, who owns 98% of parent company TJ Morris, received the majority of the £1.22bn in available ordinary dividends and asset distributions…
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8 January
Topps Tiles CEO to step down as sales return to growth
Topps Tiles has announced that CEO Rob Parker will retire from the business after 18 years as sales returned to growth in the early weeks of the new financial year. Parker joined the retailer in 2007 and served as CFO for 12 years before becoming CEO in 2019. He will…
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Dec- 2024 -24 December
The Range to open at three former Homebase stores in January
The Range will be opening the first three of its new-format stores on 17 January 2025, having acquired the Homebase brand and up to 70 of the retailer’s stores in November 2024. Known as The Range Superstore, the three branches will open in Pollokshaws in Glasgow, Christchurch in Bournemouth, and…
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4 December
DFS reshuffles management team in bid to streamline business
DFS has announced changes to its management structure that will bring DFS and Sofology under one team in a bid to simplify the business.As part of this, Sofology managing director Emma Dinnis will step down at the end of this month. Dinnis first joined DFS in 2022, having previously worked…
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2 December
Topps Tiles defends strategy after major shareholder criticism
Topps Tiles has defended its performance and strategy following criticism from a major shareholder, who accused the tile retailer of showing a “complete failure” after sales and profits fell in its full-year results.According to The Times, Topps Tiles’ largest shareholder, Austrian investor MS Galleon, is calling for an overhaul of…
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Nov- 2024 -29 November
Kingfisher and M&S eye remaining Homebase sites
Kingfisher and Marks and Spencer are reportedly eyeing more than 20 of Homebase’s stores after the DIY company fell into administration earlier this month.According to Sky News, the two companies are among several retailers circling the remaining Homebase estate ahead of a deadline for offers today (29 November). The two…
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25 November
Kingfisher lowers profit guidance amid flat Q3 sales
Kingfisher has lowered its full-year profit guidance after posting flat sales of £3.2bn for the three months ended 31 October, a 0.6% decline. As a result of this, the company expects its adjusted PBT guidance to be in the range of c.£510m to £540m, previously c.£510m to £550m. The B&Q…
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20 November
Dunelm enters Irish market with Home Focus acquisition
Dunelm has acquired Home Focus, a soft furnishings retailer which trades from 13 stores across the Republic of Ireland, for an undisclosed amount. The business, which operates under the ‘Home Focus at Hickeys’ brand, also operates online, and provides home delivery and a ‘Click and Reserve’ option for customers to collect…
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