Latest Intelligence on Home Improvement in Europe

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Type Product title / description Pub Price
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Kingfisher: feeling the full force of UK retailing slowdown

Leading home improvement retailer Kingfisher has displayed evidence of the full force of the slowdown in big-ticket spending in the UK as B&Q's profits more than halved during the third quarter. Chief executive Gerry Murphy said he did not expect the home market to improve until late 2006, however this cautious forecast comes from a man who is not afraid of making big decisions...

Published By Datamonitor
02 Dec 2005
CommentWire
CommentWire

B&Q: in need of repair

Kingfisher has reported that like-for-like sales at its B&Q DIY chain fell 9% in the 13 weeks to January 28. B&Q is facing several problems - discounting to attract customers is hitting margins, and DIY has fallen out of fashion amongst younger home owners who prefer to use professional builders.

Published By Datamonitor
17 Feb 2006
CommentWire
CommentWire

Brandon Hire: room for home improvement

Brandon Hire has said that a number of bidders have come forward since its announcement of a management buyout. Although chief executive Charles Skinner would not be drawn on the identity of potential bidders, it is thought that rivals Speedy Hire are leading the field. As a relatively small player, Brandon has considerable scope for expansion, particularly in the household arena.

Published By Datamonitor
07 Mar 2006
CommentWire
CommentWire

Wickes: a walk on the heavy side

Travis Perkins has reported a pick-up in sales at its Wickes heavy-side DIY chain for January, despite tough market conditions. Tight cost controls coupled with buying gains from parent Travis Perkins have enabled Wickes to increase its operating margin, leaving it well placed to capitalize when demand for DIY picks up.

Published By Datamonitor
09 Mar 2006
CommentWire
CommentWire

Kingfisher: DIY downturn brings rude awakening

Kingfisher emphasized its international successes when it reported its latest financial results, but could do little to deflect attention from the profit slump at its UK business B&Q. The group blamed the poor performance on market conditions, but a failure to spot the shift away from DIY to "Do-It-For-Me" was a key management error.

Published By Datamonitor
22 Mar 2006
CommentWire
CommentWire

Topps Tiles: top of the pile

Topps Tiles expects turnover to reach an impressive GBP88.5 million in the first half of this year, a touch higher than GBP87.5 million reported a year earlier. With signs that the UK housing market is starting to pick up, the retailer is well placed to take advantage of an increased demand.

Published By Datamonitor
05 Apr 2006
CommentWire
CommentWire

Topps Tiles: optimistic for future

Ceramic tile and woodflooring specialist Topps Tiles has announced current balance sheet strength and strong enough cash flows to return a hefty sum to its shareholders. At the same time, the retailer announced improved performance in its Q3 trading statement, following its weak start to the year, and is rightly optimistic in its outlook.

Published By Datamonitor
06 Jul 2006
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GUS: weak margins threaten demerger

GUS announced mixed results from its two divisions yesterday ahead of its scheduled demerger in October. Although GUS' retail arm - Argos Retail Group (ARG) - has delivered a sterling performance during the first quarter of this year, it masks considerable variations between its two retail businesses, Argos and Homebase.

Published By Datamonitor
13 Jul 2006
CommentWire
CommentWire

B&Q: a home improvement project

Kingfisher's UK arm, B&Q, has been severely impacted by the tough conditions plaguing the DIY market, while also facing stiffer competition from rivals. The planned refurbishment of its Warehouses, if executed properly, could enable B&Q to benefit from an upturn in the DIY market.

Published By Datamonitor
24 Jul 2006
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Travis Perkins: solid foundations for growth

At last, some positive news from the home improvement sector, with Travis Perkins reporting an improved operating profit and market share gains in an extremely challenging market. While sales growth still proves elusive, Travis Perkins is in a confident mood with significant efficiency gains protecting margins and growth ambitions.

Published By Datamonitor
03 Aug 2006

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