The essential news source for the home improvement industry TOOLS SPECIAL FEATURE
26 MAY 2017 Top trends, supplier and retailer insight p12
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Screwfix leaves B&Q in the dust with stunning Q1 performance
Screwfix was the star of the show once again, as Kingfisher released results for its first quarter to April 30, 2017, with sales up a staggering 20.3%, a 12.6% boost like-for-like – largely outperforming all other operations including B&Q. Screwfix’s performance was attributed to its “leading digital capability, new and extended ranges and new outlets.” Total sales increased by 1.5% for the group’s UK operations, up 3.5% like for like (LFL), bringing the total to £1,270m for the period. Sales at B&Q declined by 4.4% (-4.6% constant currency), but the retailer saw a
marginal LFL increase of 0.5%. B&Q’s sales decline reflected “annualisation of completed store closure programme” with the LFL increase “including benefit from sales transference associated with store closures and strong digital growth (+31%).” Seasonal LFL sales were up 17.5%, with LFL of non-seasonal, including showroom, down 3.9%. In total, the group saw a 0.6% LFL decline, reflecting “continued weaker sales in France and some business disruption from [the] ONE Kingfisher plan.” The group said it remained on track to deliver Year two strategic milestones.
Chief executive Veronique Laury said: “We have set ourselves up well for our transformation, which continues in line with our plans. Strong performance in Screwfix and Poland continues, though performance in France remains weak. In addition, we are experiencing some business disruption given the volume of change, as we clear old ranges, remerchandise new ranges and continue the roll out of our unified IT platform. “However, we are on track to deliver our Year two strategic milestones. Early customer reaction to our new ranges is encouraging, especially in
Screwfix saw a huge sales increase during the first trading quarter due to its “leading digital capabilities.”
France, where our new unique bathroom ranges are launching first. We are also progressing well with our IT platform, which is now live in nearly a third of our Castorama France stores and which will enable us to build a much stronger digital offer.
Bunnings hires new Homebase boss
Bunnings UK and Ireland recently announced the appointment of David Haydon as trading and commercial manager for Homebase. He will join the business in late June, with responsibility for running Homebase. Mr Haydon, whose experience includes senior roles at both B&Q and Wickes, will join the Bunnings UK and Ireland leadership team, reporting to managing director PJ Davis.
He will also sit on the company’s steering committee.
Mr Haydon has over 25 years’ experience working with retailers in the UK and Australia. He joins from Officeworks (part of the Wesfarmers Group) where he has worked for over four years as a member of the leadership team. Prior to Officeworks, he was commercial and marketing director for Kingfisher Plc’s international businesses,
overseeing commercial and marketing strategies for high- growth markets including China, Poland, Russia, and Turkey. His experience also includes time at B&Q as both director of trading and director of commercial strategy, and in other large retail organisations including Wickes and Superdrug.
Mr Haydon said: “I’m looking
forward to joining the team at this exciting time. Working together
to create something special in what is the dynamic UK Home Improvement market will be a both a challenge, and a great deal of fun.”
PJ Davis added: “As the pilot activity accelerates, it is still important that we remain focused on delivering a strong performance across Homebase and I’m delighted David has agreed to take up this important role with the business.”
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David Haydon will join Bunnings/Homebase in late June
“We remain confident in the size of the prize and our ability to deliver our long term plan, both the financial benefits of the transformation and the benefits to customers, supported by the continued expertise and energy of our colleagues.”
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