B&Q is trialling an in-store trade offer called Trade Point in four stores as it seeks to maximise synergies with sister chain Screwfix.
Kingfisher’s trade business Screwfix has suffered in the wake of the recession, which has battered the construction sector. However, Ian Cheshire, group chief executive of B&Q parent Kingfisher, said there is a feeling of “bumping along the bottom rather than it getting worse”.
Kingfisher’s group pre-tax profits jumped 35% to £288m in the 26 weeks to August 1. Profits at B&Q in the UK and Ireland soared 66% to £137m as consumers spent on items to improve the home.
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