Retail news
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Kingfisher profits dip as Trade Depot format dropped
- Posted:
- 27 November 2008 09:52
Kingfisher has revealed a drop in profits of 4% to £176 million in the 13 weeks to November 1st. Group retail sales of £2.6 billion were flat, retail profit of £176 million was down 4.0%. Meanwhile, in a weaker UK market retail profit was £36 million, down £9 million, with ...read more
Kingfisher "well placed" to weather tough times
- Posted:
- 24 July 2008 09:03
Kingfisher is "trading solidly" despite difficult circumstances according to group chief executive Ian Cheshire. In the 23 weeks to July 12th, the group saw total sales increase 2.6%, down 2.9% on a like-for-like basis, whilst UK sales were up 0.5%, down 4.7% on a like-for-like basis. Kingfisher said that the UK ...read more
Tough quarter sees slump in Kingfisher sales
- Posted:
- 04 June 2008 09:53
Kingfisher has said that a "very tough" quarter was behind a 7.9% slump in like-for-like sales in the 13 weeks ended May 3rd. Total UK sales dropped 3% to £1.13 billion. Retail profits for the group's UK business, which has been hit by the housing market slowdown, were also down 8.5% to £33 ...read more
Travis Perkins acquires 30% of Toolstation
- Posted:
- 07 April 2008 09:12
Travis Perkins has acquired 30% of Toolstation, a rapidly growing direct retailer of tools and building materials, with the right to purchase remaining 70% after four years. Travis Perkins acquired the stake for £5 million and will provide an initial loan of £7 million to allow Toolstation to repay its ...read more
Kingfisher appoints new UK chief
- Posted:
- 03 April 2008 09:32
Kingfisher has announced the appointment of Euan Sutherland as chief executive of its UK division, which includes B&Q in the UK and Ireland, Screwfix and Trade Depot. Mr Sutherland is currently chief executive of AS Watson Health and Beauty UK, owner of the Superdrug and Savers retail businesses. He will ...read more
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