This summer has been a DIY disaster for the UKs two biggest home improvement chains with both reporting falling sales as they struggle with wet weather and disruption from major restructuring plans.
Kingfisher, Europes largest home improvement retailer, reported a 4.7% fall in sales at its established B&Q stores in the three months to the end of July.
Homebase, which is in the process of transforming into an outpost of the Australian Bunnings chain, revealed a 4.3% fall in sales at stores open more than a year in the three months to the end of June.
Total sales fell 6.8% and underlying sales at established Homebase and Bunnings stores by 4.3% as they cut prices and suffered disruption from changing their look and product ranges….
Read the full article at: https://www.theguardian.com/business/2017/aug/17/b-and-q-kingfisher-sales-uk-barbecues-garden-furniture