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CommentWire
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Kingfisher has announced a further fall in UK like-for-like sales despite weak comparatives from the previous year. Nonetheless, the company is confident that investment in store 'rightsizing', and improved merchandising, pricing and service have put the groundwork in place for recovery and a sales recovery is on the horizon.
Published By Datamonitor
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15 Sep 2006 |
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CommentWire
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After establishing a presence with an 8,600 square meter Castorama outlet in Russia in February 2006, DIY retailer Kingfisher plans to increase its selling space provision by 150% over the next 12 months. As an emerging market, the country has plenty of potential and Kingfisher could use this opportunity to become market leader in the DIY sector.
Published By Datamonitor
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24 Oct 2006 |
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CommentWire
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Dobbies has shown a marked improvement on the first half of the year in its pre-close statement for the 52 weeks to October 29. With an innovative strategy of repositioning itself as a leisure destination as well as a retailer, Dobbies is well placed to capitalize on a fragmented market with good long term growth prospects.
Published By Datamonitor
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02 Nov 2006 |
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Expert View
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Home Retail Group's maiden interim results provided little in the way of surprises. Argos continues to post healthy sales increases, while Homebase grapples with a difficult trading environment in DIY. Argos is expected to generate robust sales growth over the key festive season, but there is concern over the future profitability of HRG as it faces intense competition on several fronts.
Published By Datamonitor
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21 Nov 2006 |
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CommentWire
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A slow US housing market, combined with a slower hurricane season, has made it increasingly difficult for Lowe's to grow sales. Yet cost cutting initiatives are helping see it through as the retailer rightly anticipated a tougher year comparatively. Its comparable store sales decline was 4.0% for the three months ending November 3, while net profits were up by 10.8%.
Published By Datamonitor
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22 Nov 2006 |
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CommentWire
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With comparable sales falling, Topps' 3.9% sales growth over the last year was driven entirely by new stores. However, it continues to maintain one of the highest margins across retail. While there remains scope to grow in the UK, Topps will need to target further European expansion to maintain the double digit growth rates it has become accustomed to.
Published By Datamonitor
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29 Nov 2006 |
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Expert View
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A new report published this week by retail analysts Verdict Research, part of the Datamonitor Group, finds that the UK DIY & Gardening market is set to record a second year of declining sales. The dismal performance is prompting DIY retailers to reengineer their businesses, and only those retailers that can adapt to a changed consumer psyche and new competitive challenges can expect to prosper.
Published By Datamonitor
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30 Nov 2006 |
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CommentWire
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Kingfisher, Europe's leading home improvement retailer has announced mixed results for the third quarter. Sales were up sharply in Asia and in minor European markets, but profits were lower in the UK and flat in France. Though the company remains confident that its UK recovery plan will bear fruit, these figures will concern anxious investors.
Published By Datamonitor
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01 Dec 2006 |
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CommentWire
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Germany's Praktiker opens its third new store in Romania as DIY retailers' scramble for market share in key new battlegrounds intensifies. New retail hotspots Romania and Bulgaria are characterized by house ownership levels exceeding 95%, offering significant growth opportunities for DIY. However, for now general spending levels remain low.
Published By Datamonitor
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08 Dec 2006 |
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CommentWire
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Europe's sixth largest DIY retailer has trebled its EBIT to E32.6 million due to increased sales volumes domestically and abroad. In spite of the challenging German DIY market, Hornbach has grown strongly in recent years. Hornbach's prospects are expected to get even better with economic parameters in Germany picking up and a peak in consumer expenditure before the VAT rise in 2007.
Published By Datamonitor
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13 Dec 2006 |
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