Kingfisher sales boosted by home DIY demand

Kingfisher sales boosted by home DIY demand

Kingfisher has reported growth in sales for the three months to 31 October supported by a boost in eCommerce.

The group – which owns B&Q and Screwfix – saw sales of £3.5bn over the period, up 17.6 per cent. eCommerce sales surged by 153 per cent, accounting for 17 per cent of total group sales.

Despite the lockdown across Europe, sales were driven by the retail group’s focus on home DIY.

Thierry Garnier, chief executive officer, said: “We have made good progress against our ‘Powered by Kingfisher’ strategic priorities – the early benefits of which are enabling us to meet the current strong demand, both in-store and online, and grow our share in key markets. I am thankful for the way in which our teams continue to respond to the immense challenges of doing business in today’s environment.

“Overall, we believe that the renewed focus on homes is supportive for our markets. Furthermore, we are confident that the strategic and operational actions we have taken so far are helping us to build a strong foundation for long-term growth.”

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