Skip navigation

Gloucestershire Business News

B&Q helps Kingfisher sales take flight

The rise in home improvements and online sales helped Kingfisher post a rise in sales of 17.6 per cent in the third quarter.

Kingfisher - the owner of B&Q, Screwfix and Castorama - said sales rose to £3.5billion during the three months to October 31.

Online sales across the quarter were up 153 per cent to make up 17 per cent of group sales, more than double the eight per cent for the same period last year.

Sales in UK outlets rose 19.9 cent with B&Q up 24 per cent and Screwfix seeing sales increase by 12.8 per cent.

With shops remaining open during the November lockdown in England, sales in the final quarter have risen by 12.6 per cent.

Chief executive Thierry Garnier said: "We believe that the renewed focus on homes is supportive for our markets.

"We are confident that the strategic and operational actions we have taken so far are helping us to build a strong foundation for long-term growth."

The group said it had repaid £23million received under the Government's furlough scheme.

Related Articles

Punchline Talks! Cry for help from the wedding and events industry Image

Punchline Talks! Cry for help from the wedding and events industry

Making people redundant has replaced supplying staff for major events as the main job for the boss of an agency as the coronavirus pandemic continues to wreak havoc with the industry.

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, November 27 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Friday, November 27

The latest important news and updates from across Gloucestershire as the coronavirus crisis continues.

Sentencing to be doubled for assaults on emergency workers  Image

Sentencing to be doubled for assaults on emergency workers

Gloucestershire Fire and Rescue Service (GFRS) and partners have welcomed plans to increase the maximum penalty for assaulting an emergency worker from 12 months to two years.

Arcadia latest retailer on edge of administration Image

Arcadia latest retailer on edge of administration

The Arcadia retail group - which includes well-known high street names such as TopShop, Burton and Dorothy Perkins - could be heading into administration within days.

Copyright 2020 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.