All B&Q articles – Page 6
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NewsKingfisher and Burberry unveil ‘ambitious’ new sustainability targets
Kingfisher and Burberry have lifted the lid on ambitious new carbon reduction targets in a bid to beef up their sustainability credentials.
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AnalysisHow inclusive is your culture really? Learning from M&S, The Very Group and Superdrug
Discover how leading retailers and organisations are advancing inclusion and championing equity, and what you can do to follow in their footsteps. Be Inspired’s new report reveals all.
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NewsKingfisher signs credit deal linked to sustainability targets
Kingfisher has announced a new revolving credit facility conditioned to its ambitious sustainable and community-based targets.
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NewsKingfisher raises outlook as sales continue to soar
Kingfisher has raised its profit predictions for 2021/2022 as its sales increased in almost all markets.
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Retail Navigator Analysis
B&Q (Overview)
DIY retailer B&Q is the market leader for home improvement in the UK, with upwards of 300 stores and 16,000 employees. Surging demand for home improvement products throughout the pandemic saw B&Q’s sales climb to a high of £4,178m by FY2021, although revenues declined 8.2% to £3,835m in the year to end January 2023 (FY2022), with like-for-like sales down 8.8% on the previous year “against very strong prior year comparatives”.
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Retail Navigator AnalysisB&Q (SWOT)
In recent years management has intensified efforts to increase synergies between the various Kingfisher businesses to exploit the scale of the group. This will not let up under its current ‘Powered by Kingfisher’ strategy but will move to reduce operational complexity around sourcing and other shared services.
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Retail Navigator AnalysisB&Q (People)
B&Q is led by chief executive Graham Bell, who has been at the helm since 2018.
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Opinion‘The crisis has liberated retailers’ decision making’
The last 12 months have been incredibly difficult for the retail industry, but it has been extraordinary to witness how retailers responded to the Covid-19 pandemic.
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AnalysisAnalysis: Will the supermarket shop-in-shop resonate now high streets have reopened?
One of the retail phenomena of the past year has been the rise and rise of the supermarket shop-in-shop.
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AnalysisAnalysis: Why Kingfisher boss Thierry Garnier believes lockdown trends will last
DIY giant Kingfisher has posted a year of strong growth as the home improvement trend continued to thrive in lockdown – but how sustainable will the newfound passion for DIY be?
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NewsKingfisher rolls out plans for B&Q stores in Middle East
Kingfisher has announced plans to open B&Q franchised stores in the Middle East starting with two in Saudi Arabia.
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AnalysisWhere is real tech transformation happening right now?
Retail Week looks at the investments helping retailers to operate faster and slicker, and investigates the different elements comprising digital transformation.
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AnalysisGoing local: the retailers opening neighbourhood stores
With less commuting and more time spent exploring the shops and cafes on our doorstep, it comes as little surprise that localism is seeing a resurgence in 2021. Retail Week explores the small store formats popping up on the high street.
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NewsRetail bosses demand business rates reform and online sales tax
Bosses from 18 retailers have called on chancellor Rishi Sunak to permanently cut business rates in a bid to save the high street.
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NewsScrewfix sales hit £2bn as store estate grows
Screwfix has doubled its sales to £2bn over the last five years, while continuing to open new stores despite the pandemic.
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NewsKingfisher expects profits at top end of range after strong fourth quarter
Home and DIY giant Kingfisher has said it expects full-year profits to be at the top end of its £667m to £742m estimate, following continued strong trading in its fourth quarter.
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InterviewInterview: How B&Q boss Graham Bell plans to ‘beat the pureplays’
In his first interview as B&Q chief executive, Graham Bell tells Retail Week how the DIY giant ‘got its mojo back’ and why it has the tools to topple Amazon.
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AnalysisJohn Lewis, Tesco and B&Q bosses: Lessons from the year that changed retail forever
2020 has been one of the most disruptive, unpredictable years in living memory. What have retail’s leaders taken as their biggest lesson from the year that changed everything?
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Opinion‘After its most defining year ever, retail will emerge stronger in 2021’
A retail chief executive put a question to me earlier this week during a (these days somewhat rare) face-to-face meeting: “How would you sum up this year for retail in one word?”
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AnalysisWhy Kingfisher’s NeedHelp acquisition is ‘missing piece of the puzzle’
Home and DIY giant Kingfisher announced the acquisition of French start-up NeedHelp this week, marking its first foray into the services sector.
