Hornbach's DIY megastores with garden centers have performed very well in the past quarter "after exploding demand in March", with its home market Germany as its biggest contributor.
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Europe's largest DIY group, Kingfisher, managed to increase its turnover and profit in the past quarter, but the group's profit margin dropped somewhat.
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French group Orchestra-Prémaman will acquire interior design chain Home Market and plans on changing it into a chain for babies and mothers.
Maxeda is considering selling off its shopping chains. The company that owns Praxis, Brico, Plan-it and Formido wants to appoint JP Morgan and Citi to consider "all of its strategic options".
Praxis is the first DIY-chain that has launched its very own electronic loyalty card. The physical card will disappear and will be replaced with a smartphone app.
Euretco's attempt to buy DGN Retail (Hubo, Fixet, Multimate) still has not reached the finish line, but it is still moving forward.
British Kingfisher, already the owner of Conforama and Brico Dépôt, plans to acquire French DIY chain Mr.Bricolage. It is in "exclusive negotiations" with the franchisees and the Tabur family.
Leon van den Boom has been appointed as the new president of Intergamma's supervisory board. He replaces Antony Burgmans, who had been its president since 2010, at the top of the Dutch DIY group. Van den Boom has plenty of experience in retail, as he is also part of the supervisory board of Jumbo Groep Holding and has prior experience at C1000 and Wehkamp.
Intergamma, the group which owns Gamma, will continue to invest in ecommerce as it believes that is the key to their cross channel strategy.
Paint brand Levis is to open a temporary experience centre, called the Levis Ambiance House. The Brussels center will feature workshops and lectures,
Several artists will also be allowed to go their way with Levis paint and other people can just drink a cup of coffee.
DIY company Kingfisher managed a 4.1 % profit increase in its fiscal year 2013/2014, but decided to sell its stake in the German Hornbach chain after disappointing results.
After a slow start to the new fiscal year, Hornbach Group has ended 2013/2014 with a 4.3 % growth, with mainly the German market as a strong driver.
Belgian interior design chain Heytens hopes to grow through franchising: currently it only has 18 franchise stores in a total of 130. To get more franchise stores, it will join two franchise fairs.
From now on, French DIY stores
can open on Sunday, just like the garden centres. The exception to the rule lasts until
1 July 2015, when “a comprehensive, stable piece of legislation” should
start regulating Sunday openings in France.
Furniture chain Ikea has finally
received permission to put up special
tents in Lebanon to protect Syrian refugees from the harsh winter weather. It
took a lot of effort to get this humanitarian aid campaign going, as the government is afraid the Syrians will stay permanently.
British Kingfisher has taken a serious beating on the London stock exchange, dropping 6.5
percent. It has been the largest drop since 2009 and is the result of a profit drop in the past quarter in
France. Adding to the misery is that Kingfisher in Great Britain has largely
failed to live up to analysts’ expectations.