Screwfix
This coverage examines Screwfix’s role and strategy in the UK retail trade sector. Reporting highlights store openings and closures, product range expansions, trade-focused marketing campaigns, e-commerce and delivery enhancements, and leadership changes — all assessed for their impact on sales, trade customer segmentation, and operational efficiency. The content is tailored for retail managers, procurement professionals, and executives in trade and DIY retail sectors.
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Sep- 2024 -17 SeptemberNews
Today’s news in brief-17/9/24
THG (The Hut Group) has announced plans to potentially demerge its technology arm, THG Ingenuity. This move follows the group’s interim results for the half-year ending June 30, 2024, which showed a 1.6% rise in adjusted EBITDA despite a 3.6% decline in year-on-year sales. THG Ingenuity saw a notable 12.6%…
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17 SeptemberDIY
Kingfisher HY profits improve despite weak sales
B&Q owner Kingfisher has revealed that its statutory pre-tax profits rose 2.3% to £324m for the six months ended 31 July 2024, up from £317m in the same period last year. The performance comes despite the fact the company’s sales fell 1.8% to £6.8bn, down from £6.9bn. Like-for-like sales in…
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Aug- 2024 -1 AugustDIY
B&Q partners with Deliveroo for DIY products delivery
Home and garden retailer B&Q has partnered with Deliveroo for the on-demand delivery of over 600 DIY products from B&Q Local stores. With products spanning interior and outdoor paint, decorating, painting tools, plumbing, electricals, bathroom essentials, as well as tools and hardware, customers can now easily access the materials they…
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Mar- 2024 -25 MarchNews
Today’s news in brief-25/3/24
Former UK Chancellor Nadhim Zahawi is reportedly in discussions with online retailer The Very Group regarding the role of its new chair. While talks are ongoing, Zahawi’s potential appointment could signal a shift in leadership dynamics within the company, following the departure of its previous chair, Dirk Van den Berghe.…
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25 MarchDIY
Kingfisher profits drop amid poor international performance
Kingfisher has seen its pre-tax profits drop 25% to £568m for the year ended 31 January, down from £758m the year prior. The company has put this drop down to poor international sales specifically in France and Poland. As a result, the company is now predicting full year profits of…
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8 MarchNews
Today’s news in brief-8/3/24
Superdry has partnered with restructuring firm Teneo to explore cost-saving measures amid financial struggles. With a reported revenue decline of 23.5% in the first half of the year to £219.8m, Superdry is considering options such as a company voluntary arrangement (CVA) or restructuring plan to navigate the challenging retail market.…
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8 MarchDepartment Stores
Deliveroo expands Screwfix partnership to 15 locations
Deliveroo has reportedly expanded its Screwfix partnership to 15 locations since its launch, according to Retail Week. The news comes after the exclusive tie-up between the two groups was announced in November 2023 as part of its Deliveroo Shopping feature, which allows users to shop from a range of non-food…
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Feb- 2024 -15 FebruaryNews
Kingfisher unveils new apprenticeship target for 2030
Kingfisher, the international home improvement retailer, has announced a new target for 20,000 colleagues to have completed an apprenticeship, traineeship or formal qualification by 2030. The announcement comes after Kingfisher exceeded its current learning ambition two years early, with colleagues completing over 6.6 million skills for life learning hours since…
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Jan- 2024 -26 JanuaryClothing & Shoes
M&S makes two new executive appointments
M&S has announced the appointment of Rachel Higham as its new chief digital and technology officer and Mark Lemming as managing director of international. Higham is currently chief information officer at WPP and will join the business later this year. Prior to joining WPP, Higham was managing director for IT…
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Nov- 2023 -22 NovemberDIY
Kingfisher lowers profit guidance amid slight sales drop
Kingfisher has lowered its profit guidance for the year after it saw its sales slip 2.1% to £3.2bn for the three months ended 31 October 2023. The company’s sales fell 2.7% on a constant currency basis and it now expects its full-year profit before tax to end around £560m down…
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