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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Mar- 2025 -4 March
CMA nears approval for Topps Tiles’ acquisition of CTD Tiles
The Competition and Markets Authority (CMA) has confirmed it is nearing a green light for Topps Tiles’ £9m acquisition of CTD Tiles. Following an investigation amid competition concerns, the CMA said both groups had offered to divest tile stores in Aberdeen, Inverness, Edinburgh and Dorking. In light of this it…
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4 March
Oak Furnitureland losses narrow by 19% to £12.4m in FY24
Oak Furnitureland has narrowed its losses by 19% to £12.4m, down from a previous loss of £15.4m, in the year ended 30 June 2024, despite group revenues falling by 17% to £236m due to a soft market and Red Sea disruptions. The group attributed its narrowed losses to its “diverse”…
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Feb- 2025 -25 February
Victorian Plumbing ‘on track’ amid Q2 sales increase
Victorian Plumbing has announced that it is “on track” to deliver profit in line with its full-year expectations as sales in Q2 rose. As a result, the company stated that it expects its half-year sales to have increased 5% after sales growth in January and February. The company put part…
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24 February
Mango Home to open first standalone store
Mango Home has announced the opening of its first stand-alone store, located at 586 Avenida Diagonal in Barcelona. With a selling space of nearly 400 m², the new space will open its doors in early April. The arrival of this store marks a milestone in the growth strategy of Mango…
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19 February
Furniturebox returns to profit as FY sales rise 20% to £25m
Furniturebox has reported a profit of £612,288 for the year ended 31 July 2024, as sales in the period rose by 20.6% to £25.6m. News comes after the retailer sustained a £1.03m loss in the previous year due to a £3m investment in its new warehouse headquarters. Turnover in the…
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4 February
B&Q expands Deliveroo trial to five more London stores
B&Q has announced the expansion of its trial with Deliveroo, which means it now includes five of its larger London stores that offer more than 9,500 products for on-demand delivery. News comes after the service was initially announced from its high street B&Q Local stores in August 2024. The DIY…
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3 February
Emma Bridgewater posts pre-tax losses of £4.1m
Stoke-on-Trent based pottery company Emma Bridgewater has reported a pre-tax loss of £4.1m for the 12 months to 27 April 2024. The group’s turnover also decreased by 16% to £31.6m (2023: £37.8m), primarily driven by reduced sales across e-commerce and wholesale channels, partially offset by growth in physical retail store…
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Jan- 2025 -31 January
Homebase owes over £650m to unsecured creditors post collapse
Homebase still owes more than £650m to unsecured creditors, including AO World, Halfords, and The Hut, following its collapse into administration in November 2024. According to Teneo, the DIY retailer’s appointed administrator, unsecured creditor claims totalled £657m – of which roughly £100m is owed to trade creditors. With unsecured creditors…
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28 January
Wickes ups guidance as revenues jump 3% in H2
Wickes has upgraded its profit guidance to be towards the upper end of the £39.7-£44.0m consensus forecast range following a 3% increase in retail revenues to £579.1m in the second half of 2024. The group said that retail sales delivered “good” growth in H2, with particularly strong performance in interior…
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28 January
Halfords upgrades FY25 guidance but braces for £23m budget hit
Halfords has upgraded its profit before tax guidance to between £32m and £37m for FY25, thanks to recent trading and the retailer’s continued strategic progress. However, the business has noted that the changes coming in April are due to add some £23m to Halfords’ direct labour costs for FY26 alone.…
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