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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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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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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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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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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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CommentWire
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Kingfisher, Europe's leading home improvement retailer, pinned the blame for a disappointing set of UK figures on the recent unseasonal weather. While results from other markets are generally encouraging, Kingfisher desperately needs to convince skeptical investors that its recovery strategy at B&Q can deliver results.
Published By Datamonitor
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30 Jul 2007 |
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Expert View
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DIY retailer Kingfisher has outlined plans for a GBP250 million expansion in Russia, just a year after opening its first store there. While some will see this is a risky strategy, when its fledgling stores have not had time to prove themselves, Kingfisher rightly counters that it cannot afford to miss out on Russia's retail revolution.
Published By Datamonitor
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17 Jul 2007 |
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Expert View
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Two months after being acquired by private equity group Sun Capital Partners for an undisclosed sum, HomeForm's management has unveiled plans to overhaul its stores and deliver operational efficiencies, in a bid to rebuild the fitted home improvement specialist's profitability. Such actions are urgently needed if HomeForm is to prosper in an intensely competitive market.
Published By Datamonitor
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27 Jun 2007 |
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Expert View
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After months of negotiations, an agreement has finally been reached that secures the future of the UK's third largest DIY specialist, Focus. While long term competitive challenges remain, this deal offers the company the best chance yet of a platform for profitable growth.
Published By Datamonitor
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19 Jun 2007 |
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Expert View
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Former Asda boss and Conservative MP Archie Norman has bought tool hire specialist HSS from 3i. The acquisition, the first by Mr Norman's new investment vehicle Aurigo Management, marks the second change of ownership in four years for HSS. While the price of GBP310 million seems high compared to the GBP125 million 3i paid for it, HSS is a changed business with excellent long term growth potential.
Published By Datamonitor
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14 Jun 2007 |
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