News roundup—Findel and Screwfix financials, plus Mouser, Ikea, and more

  • Half-year sales for the home shopping division of
    Findel, which includes Kitbag,
    Express Gifts, Kleeneze, and
    the Webb Group, were up 4.5 percent from last
    year, to £171.8 million for the six months ended 3rd
    October. Sales within the educational division, which includes
    Hope Education and NES
    , fell 20 percent, however, to £74.5
    million. “Just over half of this shortfall was accounted
    for by reductions in export and projects which are, by their
    nature, high value and irregular in timing,” Findel said
    in a statement. Within the healthcare group, sales increased 1
    percent, to £30.9 million. In its statement, Findel refers
    to growing the healthcare business “over the next three
    years”, which seems to scotch rumours that it is looking
    to sell the unit. Overall, Findel posted a statutory loss
    before tax of £21.1 million, a turnaround from the
    £1.8 million in profit it enjoyed a year ago, due in part
    to restructuring costs.

  • Tools cataloguer/retailer Screwfix suffered
    a 3.8 percent decline in third-quarter sales, to £122
    million for the 13 weeks ended 31st October. Almost 60 percent of
    its sales came from its 147 trade counters. Total UK and Ireland
    sales for parent company Kingfisher, which also
    owns the B&Q retail chain, rose 4.4 percent, to
    £1.09 billion. Total company sales increased 5.5 percent, to
    £2.69 billion.

  • Mouser Electronics is upping its game on the
    Continent. EE Times reports that it
    has released its first fully translated German catalogue and
    website and plans to launch local websites for the Czech
    Republic, Italy, Japan, Portugal, Russia, and Sweden before the
    end of the year.

  • Ikea has launched an iPhone app that enables
    users to download its 2010 catalogue to their handset, reports
    Cabinet Maker.
  • The Salford
    takes a look at the offerings in the
    Hawkin’s Bazaar, Lakeland, and
    Brigantia Needlework catalogues.


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