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CommentWire
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Just a week after Kingfisher reported lackluster quarterly figures, UK building materials group Travis Perkins has delivered an extremely upbeat set of first-half results. With double digit uplifts in both sales and operating profits, and like-for-like growth at its highest rate since 1993, the company is keen to expand its scale further and looks set to be successful in doing so.
Published By Datamonitor
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03 Aug 2007 |
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Expert View
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Tesco's critics often accuse it of reducing competition by raising the bar for smaller retailers, but in relation to its acquisition of Dobbies, Tesco's intervention could create a genuine heavyweight able to provide gardening shoppers with a much needed alternative to UK market leader Wyevale.
Published By Datamonitor
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14 Aug 2007 |
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Expert View
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Sears Holdings has forecast a decline in second quarter sales and profits. Kmart and Sears stores, the group's domestic divisions, produced negative like-for-like sales for the quarter ended August 4, 2007. The group also expects net income for the quarter will fall short of forecasts and be considerably lower than 2006. Going forward, Sears faces challenges growing both topline sales and profit.
Published By Datamonitor
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15 Aug 2007 |
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CommentWire
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DIY retail group Kingfisher is reported to have held informal talks with Reliance about opening stores in India as a joint venture. However, it is thought that Kingfisher has rejected the opportunity, because it was unhappy with the terms of the deal offered by Reliance. If the retailers manage to iron out an agreeable deal, this could be an excellent move for Kingfisher.
Published By Datamonitor
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17 Aug 2007 |
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CommentWire
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The benefits of a multi-channel, multi-fascia retail business were shown when the UK's HRG reported contrasting fortunes for its two retail brands, Homebase and Argos, over the last quarter. While there is a certain amount of crossover between the two businesses, each one's different focus helps insulate the group from poorly performing markets.
Published By Datamonitor
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13 Sep 2007 |
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CommentWire
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For the first half of 2007, DIY retail group Kingfisher has reported overall like-for-like sales growth of 4.3% to GBP4.8 billion, while UK like-for-likes were considerably weaker at 1.9%, reaching GBP2.3 billion. Despite improvements to its retail brand B&Q, a wet UK summer has negatively affected sales. However, its efforts to gain market share are set to pay off once the market bounces back.
Published By Datamonitor
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20 Sep 2007 |
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Expert View
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A new report published by retail analysts Verdict Research, predicts that the UK DIY & gardening market will return to growth in 2007, after two years of decline. However, it notes the recovery will be fragile. Verdict says that rather than being driven by an upturn in underlying demand for home improvement products, the recovery reflects higher inflation and substantial investment by retailers.
Published By Datamonitor
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19 Oct 2007 |
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Expert View
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Home Retail Group has released its interim results for the six months to September 1, 2007 and has much to be proud about, with Argos sales up 4.7% and Homebase extending its appeal with new product ranges and more aspirational store environments. However, with competition growing across its core markets, Homebase in particular will need to run just to stay still.
Published By Datamonitor
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24 Oct 2007 |
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Expert View
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West Coast Capital, the owner of leading UK garden centre chain Wyevale, has increased its holding in main rival Dobbies Garden Centres to just under 30%. This latest news provides further indication that 2008 is set to be a momentous year for the UK garden centre sector, with both Wyevale and Dobbies looking to lead consolidation.
Published By Datamonitor
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09 Nov 2007 |
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Expert View
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Having prospered through the downturn in the UK DIY market and successfully digested Wickes, Travis Perkins is once again expanding its operations with the takeover of fast growing tile specialist Tile Giant. The business will become the seventh brand for the builders merchant and DIY retailing group and is certain to put pressure on tile market leader Topps Tiles.
Published By Datamonitor
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15 Nov 2007 |
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