Skip navigation

Gloucestershire Business News

Outlook looking sunny for B&Q

B&Q owner Kingfisher has bumped up its profit forecast after a surge in demand during lockdown continued into the summer, thanks to good weather.

More time at home during the coronavirus pandemic has meant more DIY projects and an increase in sales of gardening products while the sun shone, as reported by Sky.

Kingfisher, which also owns Screwfix, said sales were up by 21.6 per cent between the end of April and 18th July, including both a surge in online sales and the benefits of reopened stores.

Gardening and other outdoor products including plants, compost, decking and fence paint proved popular for B&Q, which has stores in Cheltenham, Gloucester and Stroud, as did painting and decorating kits, plus tools and building materials.

Kingfisher saw an initial 25 per cent fall in sales in the first quarter to the end of April. While sales have bounced back, like-for-like sales are still down 3.7 per cent on the year to date.

But based on the strong sales in the second quarter, Kingfisher expects to see profits for the six months to the end of July ahead of the same period last year.

Demand rose by 25.9 per cent in June and is still up by nearly 20 per cent in July. Online sales across the group were up 225 per cent in June.

Related Articles

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Tuesday, May 11 Image

Coronavirus LIVE Updates: The latest news from across Gloucestershire on Tuesday, May 11

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

BREAKING: Police cafe search could be linked to Fred West Image

BREAKING: Police cafe search could be linked to Fred West

Police are searching a cafe in Gloucester after what they say could be a "significant development" in the search for Mary Bastholm, who went missing in 1968.

BAE Systems awarded £54million contract Image

BAE Systems awarded £54million contract

BAE Systems has been given a £54m ($76m) contract modification to produce additional Vertical Launch System (VLS) canisters for the U.S. Navy.

Cineworld at Gloucester Quays and Cheltenham's Brewery Quarter reveal re-opening dates Image

Cineworld at Gloucester Quays and Cheltenham's Brewery Quarter reveal re-opening dates

After PM Boris Johnson confirmed the further relaxation of lockdown yesterday, Cineworld Cinemas has announced the re-opening date for its sites in England.

Copyright 2021 Moose Partnership Ltd. All rights reserved. Reproduction of any content is strictly forbidden without prior permission.