Kingfisher boss eyes expansion as post-Covid trends create growth opportunities
Kingfisher chief executive Thierry Garnier said he was positive the DIY giant would thrive despite posting a dip in like-for-like sales.
The DIY and hardware multinational recorded a slight drop in like-for-like sales in the third quarter so far, down 0.6% in the seven weeks to September 18, against elevated comparables in 2020.
On a two-year basis, sales for the same period were up 16.1%, while ecommerce sales were up 130%, which Garnier said was an indication of a strong result for the year despite a “slower pace” as the economy opened up and consumer spend turned elsewhere.
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