Latest Intelligence on Home Improvement and Gardening Supplies

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Type Product title / description Pub Price
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Home Retail Group: independent life off to a strong start

In its first set of full year results since its de-merger from GUS last October, Home Retail Group has reported an improved performance at both its Argos and Homebase arms, with group sales up by 6.4% and operating profit ahead by 8.3%. In the short term, the prospects for both fascias are favorable, but, in the longer term, the company will need to look further afield for growth.

Published By Datamonitor
02 May 2007
CommentWire
CommentWire

HomeForm: changing hands once more

Struggling fitted furniture specialist HomeForm has been sold to private equity group Sun Capital Partners for an undisclosed sum, having been put up for sale by its previous owners in February 2007. A new injection of cash and an overhaul of its stores and product offer will be pivotal in rebuilding HomeForm's profitability and tackling the growing spectrum of competitors that it faces.

Published By Datamonitor
10 Apr 2007
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Expert View

Kingfisher: upbeat despite profits slump in key markets

Kingfisher, Europe's leading home improvement retailer, has delivered an upbeat assessment of its prospects despite an 11% drop in underlying 2006 pre-tax profits and a weak performance in its key markets. Although the company is confident that improvements to its stores and service proposition will deliver stronger growth at B&Q, it has yet to deliver proof that this will be the case.

Published By Datamonitor
29 Mar 2007
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Expert View

Travis Perkins: well placed for renewed expansion

Builders merchant-to-DIY group Travis Perkins has unveiled improved results across its businesses. Excluding an exceptional property gain, the company's operating margin rose from 9.8% to 10.1%, an impressive achievement in a tough market. Having completed the consolidation of DIY operator Wickes and with market conditions improving, Travis Perkins is now well placed to accelerate expansion.

Published By Datamonitor
07 Mar 2007
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Focus: potential European bidders named

Leroy Merlin and Praktiker are understood to be possible buyers of debt laden DIY retailer Focus. Leroy Merlin, France's leading DIY specialist, and Praktiker, the number two player in Germany, have been named as possible buyers following the decision by Focus' owners to put the business up for sale. However, with other expansion opportunities available to them, a bid for Focus seems unlikely.

Published By Datamonitor
08 Feb 2007
CommentWire
CommentWire

Praktiker: conversion program will broaden appeal

Home improvement chain Praktiker announced the acceleration of its nationwide store conversion program after pilot stores delivered 10% sales uplifts. This move will broaden Praktiker's appeal as the retailer follows a strategy of diversification, positioning its stores as a DIY discounter, as its recent Max Bahr acquisition serves the premium end of the market.

Published By Datamonitor
07 Feb 2007
CommentWire
CommentWire

Dobbies: impressive performance in difficult market

Dobbies, the UK's second largest garden center operator, has reported a 13.1% rise in operating profits in preliminary results for the 52 weeks to October 31 as new stores and shrewd diversification boosted sales. While Dobbies can afford to accelerate its growth rate, it is loath to compromise its sector leading margins.

Published By Datamonitor
30 Jan 2007
CommentWire
CommentWire

Right Price Tiles: what went wrong?

Right Price Tiles' demise has been hastened by the lethal combination of stiff competition from Topps and the DIY majors, in addition to management inertia to change. In the DIY market, it is crucial that specialist operators capitalize on their strengths to ensure their survival.

Published By Datamonitor
29 Jan 2007
CommentWire
CommentWire

Focus: heavy debts overshadow sales improvement

Since its demerger from former stable mate Wickes, Focus has stood out as the weakest of the major UK DIY retailers and has been sorely tested by extremely challenging DIY market conditions. Although the business' performance is now improving, high levels of debt undermine its long term prospects.

Published By Datamonitor
15 Jan 2007
CommentWire
CommentWire

Home Depot: $210 million for a change of direction

On 2 January, 2007, Bob Nardelli, CEO of Home Depot, left the company to be succeeded by Frank Blake. Mr Nardelli is to receive a severance package of $210 million, signaling the board's desire for a change in management. While the reasons for his exit are domestic, the future direction of the giant could involve international takeover bids for European DIY retailers.

Published By Datamonitor
05 Jan 2007

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