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.
-
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…
Read More » -
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…
Read More » -
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…
Read More » -
14 November
CDS Superstores acquires 70 Homebase stores out of administration
The Range and Wilko owner CDS Superstores has acquired 70 Homebase UK stores after the DIY retailer collapsed into administration. Gavin Park, Gavin Maher and Adele Macleod of Teneo Financial Advisory Limited were appointed as joint administrators of HHGL Limited and Hampden Group Limited, which trade under the Homebase name.…
Read More » -
13 November
Homebase readies to bring in administrators
Homebase are reportedly lining up administrators from Teneo to handle a pre-pack deal with The Range that will save over 1,500 jobs, Sky News has learned. While The Range is said to be readying a deal to snap up a majority of the DIY retailer’s stores, the future of the…
Read More » -
8 November
Lego opens 20th UK store in Bristol
The LEGO Group has officially opened its 20th Lego store in the UK and its second in the city of Bristol at Cribbs Mall. The new store is the 20th Lego store in the UK and brings with it the creation of over 27 new jobs within the local community.…
Read More » -
Oct- 2024 -22 October
Wickes sales jump 4.2% to £312.1m in Q3
Wickes has delivered stronger sales and a volume growth in retail, with LFL sales up 4.2% to £312.1m for the 13 weeks to 28 September. Despite challenging market conditions, the retailer’s design and installation business is “stabilising”, with LFL sales declining 13.3% to £79.2m compared to the 18.9% drop in…
Read More » -
18 October
Hobbycraft profits plummet 80%
Hobbycraft has reported an 80% drop in profits to £393,000, down from £2m the previous year, for the 52 weeks ended 18 February 2024. The art and craft supplier attributed this loss to inflationary pressures and one-off costs that have impacted the retailer’s financial health despite their efforts to drive…
Read More » -
15 October
Victorian Plumbing to close Victoria Plum amid £2m loss
Victorian Plumbing has announced it is to close the recently acquired Victoria Plum, after it incurred a £2m loss in just four months. In a trading update for the trading for the year ended 30 September 2024, Victorian Plumbing said Victoria Plum contributed c.£15m of revenue and incurred an adjusted…
Read More » -
7 October
Carpetright owner takes £11m hit from The Floor Room administration
Figures from Companies House show that Carpetright owner Nestware has taken a £10.8m hit as a result of the closure of The Floor Room. Nestware put the company into administration at the start of August, resulting in 201 job losses. The Floor Room was the sole provider of flooring and…
Read More »
