British DIY retailer Kingfisher has had a great quarter. The enormous growth in France is particularly noteworthy.
» Read more
Kingfisher, the parent company of B&Q, Castorama and Brico Dépôt, among others, expects it will be difficult to match last year. As a result of the lockdowns, there was a real run on do-it-yourself products and garden items.
» Read more
British DIY group Kingfisher has appointed Jean-Jacques Van Oosten as its new Chief Customer & Digital Officer. The Belgian had already been Group IT Director at Kingfisher between 2005 and 2008, before finding his way to several other big names in retail.
Kingfisher, Europe's second largest group of DIY chains, is leaving Portugal, Russia and Spain. The group wants to focus on its primary markets, including France, where their Castorama chain is struggling.
British DIY chain Kingfisher’s net profit dropped more than 20 % in the past fiscal year because of a restructuring plan in its native land and weak French sales.
British DIY giant Kingfisher will have mixed feelings about its second quarter: its British subsidiaries performed very well, while the French chains' turnover dropped.
British DIY group Kingfisher has major plans to boost its profit over the next 5 years. It will invest 800 million pounds (1.05 billion euro) to bring all of its brands together under one roof.