B&Q is a DIY and home improvement retailer in the UK, operating as a subsidiary of Kingfisher, which also owns Screwfix. Founded in 1969 by Richard Block and David Quayle, the retailer was bought first by Woolworths in the early 1980s, before the group was sold to Kingfisher. From early 2016, the group has been undergoing a five-year transformation strategy under the One Kingfisher banner, designed to leverage its scale. This is focused on creating a unified and unique offer across the whole business, driving digital capability and optimising operational efficiency. Kingfisher has been investing heavily in digital across the group, improving fulfilment and mobile to drive online growth. The retailer’s greatest growth potential lies in omnichannel and it is fast developing its offer. It is also overhauling its systems in a bid to drive efficiency and make the business more agile. Smaller-format stores have been around since 2017, with an offer tailored to urban markets.
B&Q owner Kingfisher is set to divert all of its remaining stock of personal protective equipment (PPE) to frontline healthcare workers across Europe.
The likely collapse into administration of Laura Ashley is not solely the result of coronavirus. The pandemic was sadly the last nail in the coffin of a retailer that has struggled to appeal to shoppers for some time.
DIY giant Kingfisher has been booted out of the FTSE 100 following its quarterly review.
From one type of brick to another, Jean-Jacques Van Oosten has rejoined DIY retailer Kingfisher from the Lego Group as chief customer and digital officer.
Kingfisher has appointed its former IT director as the DIY group’s chief customer and digital officer.
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