Coronavirus: Kingfisher UK sales inch up as store closures across Europe bite

B&Q

Kingfisher sales in the UK inched up last year driven by the strong performance of its Screwfix brand, as the retailer suffered from enforced store closures in France and Spain.

In a set of unaudited accounts up to January 31, 2020, published today, Kingfisher reported UK and Ireland sales in excess of £5.1bn – a 1% increase on the previous year.

This was driven by the growth in the UK of Screwfix, which saw a 9.4% uptick in sales to £1.8bn. Kingfisher’s other UK brand B&Q, by contrast, saw sales slump 3.1% to £3.2bn.

Total group sales were down 0.8% in constant currency, while like-for-like sales were down 1.5%.

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