All Kingfisher articles – Page 37
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NewsKingfisher full year profits surge 49%
DIY giant Kingfisher’s adjusted pre-tax profits surged 48.6% to £547m in the year to January 30 but the retailer remains cautious on the outlook.
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NewsKingfisher to beat forecasts despite sales dip
DIY giant Kingfisher reported a like-for-like drop of 3% in constant currency in the 13 weeks to January 30 but the retailer still expects to beat profit forecasts. Group revenue decreased 1.6% to £2.3bn.
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NewsPoor January sales drag down retailers
General retailers were hit in the wake of poor January sales data from the British Retail Consortium and wider market turbulence at the end of last week.
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NewsKingfisher appoints former global Ikea boss as non exec
Ikea’s former global chief executive Anders Dahlvig is to join DIY giant Kingfisher as a non-executive director.
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NewsSoaring B&Q UK and Ireland profit helps propel Kingfisher
Kingfisher’s group retail profit soared 28.3% to £227m in its third quarter, helped by strong performances in the UK and Ireland, and Poland.
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AnalysisEuan Sutherland is making good headway at Kingfisher
Kingfisher’s turnaround is still a work in progress, but its UK chief executive is making good headway, says George MacDonald.
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NewsB&Q strong sales helps Kingfisher beat forecasts
DIY giant B&Q has reported like for like sales up 5.7%, helping parent company Kingfisher to beat City forecasts with a 28% increase in group profits.
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OpinionBuild bridges with Chinese suppliers
Despite economic growth signalling the end of recession, UK retail sales have frequently been flat against the same periods last year, indicating that a proper recovery will take more time.
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AnalysisIs the property market moving in favour of the landlords again?
The property market has swung in favour of retailers during the recession, but is it about to move back the other way?
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NewsKingfisher creates innovation role to hold on to market leadership
B&Q owner Kingfisher has created a role of group innovation director to ensure it remains at the cutting edge of retail.
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NewsKingfisher writes to landlords to secure better terms
B&Q owner Kingfisher has written to landlords demanding similar concessions to those offered to its rival Focus as a result of its Company Voluntary Agreement.
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NewsM&S investor day leaves analysts cold
Marks & Spencer missed out on the general retail sector’s rise after its much-anticipated investor day was judged insufficiently exciting by the City.
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OpinionB&Q property deal shows the way
B&Q’s rent renegotiation with British Land is a grown-up way for retailers and landlords to face up to the downturn.
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NewsB&Q wins landlord concession to cut rent on seven larger stores
B&Q has secured a 10% reduction in rents for seven of its warehouse-format stores in a deal with landlord British Land.
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OpinionMind your own shop
There seems to be a general consensus now that while 2009 may have been slightly better than many retailers expected, 2010 might be a little more challenging.
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NewsB&Q launches £20m price offensive
DIY giant B&Q has announced what it described as its biggest-ever Autumn price investment.
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NewsKingfisher preview sparks upgrades
Kingfisher was scheduled to issue its interims as Retail Week went to press, but the headline numbers were already known following last week’s administrative slip-up.
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NewsKingfisher profits climb
B&Q owner Kingfisher reported that measures to improve its UK and Ireland business were paying off after it reported a 35% rise in half-year profits.
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NewsNew chair for Robert Dyas as debt deal nears
Hardware retailer Robert Dyas has lined up former Kingfisher director Geoff Brady as chairman and is concluding a debt-for-equity swap as it refocuses on trading following financial restructuring.
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NewsStrong UK trading drives Kingfisher’s first-half profits
B&Q parent Kingfisher revealed better than expected pre-tax profit figures this week for the six months to August 1, driven by a strong performance in the UK.