Bad weather hits B&Q sales
By Sarah Wood | 24th May 2023
The owner of B&Q and Screwfix has posted a drop in first quarter sales.
Kingfisher blames unusually poor weather conditions for the slowdown in demand for seasonal products, as reported by Retail Gazette.
Across the group, like-for-like sales fell 3.3% to £3.3bn in the three months to April 30.
Core categories and big-ticket items at B&Q, which has stores in Cheltenham and Gloucester, showed "continued resilience". UK like-for-like sales for the category, which makes up over 80% of total sales, were up 1.7%, which helped to offset a 12.2% fall in sales for its seasonal range.
Screwfix, which has stores in Cheltenham, Gloucester, Stroud, Cirencester, Tewkesbury and Cam and Dursley, saw sales rise 6.6% to £610m for the period, while B&Q sales fell 1.5% to £980m.
The company expects to see some pent-up demand for garden and outdoor products in the coming weeks as the weather improves.
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