B&Q owner Kingfisher blames 'weak' UK for sales fall

B&Q store Kingfisher is Europe's biggest home improvement retailer

B&Q owner Kingfisher has blamed the UK's "generally weak consumer backdrop" for a fall in sales at the home improvement chain.

B&Q's like-for-like sales - which strip out the impact of new stores - in the UK and Ireland fell 4% to £906m in the three months to 27 October.

The environment in Ireland had been "particularly challenging", it said.

However, B&Q's retail profit grew 1.7% to £45m, reflecting higher gross profit margins and cost efficiencies.

Overall, Kingfisher's group sales were down 3.9% to £2.7bn for the quarter, with retail profits down 5.9% to £257m.

Kingfisher is the world's third largest DIY chain, owning brands such as B&Q, Screwfix, Brico Depot and Castorama.

More on This Story

Related Stories

The BBC is not responsible for the content of external Internet sites

More Business stories

RSS

Features & Analysis

Elsewhere on the BBC

Programmes

  • Models of roads and cars on a bridgeThe Travel Show Watch

    A world in miniature - behind the scenes at one of the world’s largest model railways

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.