Belfast Telegraph

UK Website Of The Year

B&Q owners in shake-up as sales fall

By Holly Williams

Published 29/05/2015

B&Q parent Kingfisher said it was ploughing on with a shake-up of the DIY chain
B&Q parent Kingfisher said it was ploughing on with a shake-up of the DIY chain

B&Q parent Kingfisher said it was ploughing on with a shake-up plan "at pace" as it reported a first quarter slide in sales at the DIY chain.

The retailer saw same store sales drop by 1.1% across B&Q UK and Ireland in the 13 weeks to May 2, with sales of outdoor seasonal and building products down by 4%.

It previously announced plans to close 60 stores across the UK and Ireland with the Boucher Road, Belfast store and another on Buncrana Road in Londonderry, both facing the chop.

A better performance from its trade-focused building supplies chain Screwfix, where like-for-like sales leapt 15.4% higher, helped the group's overall UK and Ireland division to increase comparable sales by 1.6%.

Chief executive Veronique Laury, who took over from Sir Ian Cheshire in December, said the group was making "good progress" with its overhaul.

The store closure programme is one of a number of "sharp" decisions as part of a revamp plan. She said: "Our first 'sharp' decisions are being worked on at pace."

Belfast Telegraph

Your Comments

COMMENT RULES: Comments that are judged to be defamatory, abusive or in bad taste are not acceptable and contributors who consistently fall below certain criteria will be permanently blacklisted. The moderator will not enter into debate with individual contributors and the moderator’s decision is final. It is Belfast Telegraph policy to close comments on court cases, tribunals and active legal investigations. We may also close comments on articles which are being targeted for abuse. Problems with commenting? customercare@belfasttelegraph.co.uk

Read More

From Belfast Telegraph