Dossier
Kingfisher
Coverage of Kingfisher in the Nexus archive.
- B&Q sales hit by wet Easter but it hopes to gain in heatwave
B&Q sales declined 4.1% in Q1 due to a wet Easter, while Screwfix revenue rose 4.1%. Kingfisher, the parent company, maintains its full-year profit outlook and is the top FTSE 100 riser despite the dip in UK and Ireland like-for-like sales.
- B&Q owner Kingfisher suffers a slowdown in sales after a fall in demand for big-ticket items
Kingfisher, the owner of B&Q, reported a sales slowdown due to decreased consumer demand for big-ticket items. The decline is attributed to shifting market conditions affecting major purchases.