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Retailer news

Kingfisher – Retail Update

August 17, 2017

Kingfisher – Retail Update

Kingfisher UK & Ireland reported a weak set of results for Q2 2017/18, with sales down 2.0% to £1,332m. However, the DIY specialist came up against strong comparatives last year (+5.1%), driven by its Screwfix business continuing to extend its specialist ranges and opening new outlets.

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DFS disappoints against other big ticket retailers

August 10, 2017

DFS disappoints against other big ticket retailers

While DFS has recorded a fifth consecutive year of group revenue growth, its difficult second half nearly counterbalanced its robust first half performance, as weak consumer confidence discouraged customers from making big ticket purchases. Also, as CPI inflation growth has outpaced increases in earnings since February 2017, many shoppers were unwilling to make big ticket purchases such as upholstery.

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B&M has continued this week’s trend of acquiring convenience stores with its acquisition of Heron

August 2, 2017

B&M has continued this week’s trend of acquiring convenience stores with its acquisition of Heron

The move was unexpected, but mostly because Heron isn’t a common household name. However, with 251 convenience stores in the North of England and £274.4m of sales, it offers the opportunity for B&M to roll out a convenience offering on a relatively large scale very quickly.

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Dunelm ends financial year on a high

July 7, 2017

Dunelm ends financial year on a high

Dunelm has turned the tables in Q4, reporting positive like-for-like sales for the first time this financial year – and its share price has soared this morning.

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Weak consumer confidence continues to impact Topps Tiles

July 5, 2017

Weak consumer confidence continues to impact Topps Tiles

Topps Tiles l-f-ls deteriorated further during its third quarter as weak consumer confidence and a tough comparative impacted performance. Topps was supported last year by a more buoyant housing market in spring 2016, as consumers moved before the stamp duty increase; however, there has been no such momentum in the housing market in 2017.

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Retail Viewpoint – Kingfisher 30 April 2017

June 12, 2017

Retail Viewpoint – Kingfisher 30 April 2017

Screwfix continues to prop up UK as B&Q transformation continues. While B&Q suffers following store closures, with sales falling 4.4% to £908m, Screwfix continues to grow at an impressive rate, with sales up 20.3% on the year to £362m and l-f-l growth of 12.6%.

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Retail Viewpoint – Sainsbury’s

May 3, 2017

Retail Viewpoint – Sainsbury’s

Sainsbury’s concludes arguably the most eventful year in its history with a mixed set of results, which were buoyed by the injection of sales from its acquisition of Home Retail Group, but hampered by disappointing l-f-l sales as consumers look for cheaper food & grocery options. Read more.

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Retailer Viewpoint – Morrisons

April 30, 2017

Retailer Viewpoint – Morrisons

A sixth consecutive increase in l-f-l growth for Morrisons as the turnaround continues under CEO David Potts’ ‘Fix, Rebuild and Grow’ strategy, as Valentine’s Day, Mother’s Day and Easter helped drive sales of almost £4bn in Q1. Read more.

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Retail Viewpoints – Bunnings

April 27, 2017

Retail Viewpoints – Bunnings

Bunnings records an increase in customer transactions. Following a decline in sales in H1 for DIY specialist Bunnings, the retailer has reported that sales continued to be impacted in its third quarter during the process of converting Homebase to the Bunnings estate. Read more.

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Retail Viewpoint – Debenhams

April 20, 2017

Retail Viewpoint – Debenhams

A mixed bag of results is typical from Debenhams, with today’s update no different: H1 UK GTV reached £1,345m, UK l-f-ls were up 0.5%, but domestic operating profit fell by 11.3% to £67.5m. Continued underwhelming trading has resulted in the retailer’s new turnaround strategy, Debenhams Redesigned, aiming to boost destination appeal via experiential retail and a unique offer, and drive online growth.

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