All Screwfix articles – Page 2
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NewsKingfisher raises outlook as sales continue to soar
Kingfisher has raised its profit predictions for 2021/2022 as its sales increased in almost all markets.
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Prospect Analysis
Screwfix (SWOT)
The pandemic has established longer-term trends that are supportive for the DIY industry, including the renewed importance of the home, more working from home, and the development of a new generation of ‘DIY’ers’.
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Prospect Analysis
Screwfix (Strategy)
Omnichannel retailer Screwfix has fast become the jewel in Kingfisher’s crown, consistently reporting rising sales and profits. It focuses hard on ensuring consistency across all of its channels, with ecommerce being part of a cohesive whole.
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Prospect Analysis
Technology strategy at Screwfix
Screwfix is a good example of a specialist retailer that has wrapped technology around its offer, using it in unique ways to strengthen its services. It has some fairly advanced multichannel services, partly because of how the business grew.
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Prospect Analysis
Screwfix (People)
Digital director John Mewett took the Screwfix helm as CEO in October 2018 after former boss Graham Bell moved over to take charge at B&Q.
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Prospect Analysis
Screwfix (Overview)
Part of the Kingfisher group, Screwfix is a fast-growing DIY retailer that targets trade professionals and serious DIYers with a highly regarded multichannel operation.
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Prospect Analysis
Screwfix (Financials)
Total Screwfix sales increased by 13.8% to £2,310.7m in the year to end-January 2022 (FY2021), reflecting strong demand from its trade customers, with like-for-like sales rising 10.9%.
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Prospect Analysis
Customer and marketing at Screwfix
Screwfix is pitched at the small tradespeople market segment, a market traditionally dominated by key competitor Wickes as well as traditional builders’ merchants such as Jewson and Travis Perkins. It also targets the serious DIYers.
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Prospect Analysis
Supply chain at Screwfix
In order to cope with the very rapid growth of its store network, the retailer has been busy extending distribution capacity and this continues to be a key priority, with a sixth UK DC opened in early 2022. Its first French DC was also opened in the year.
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Prospect Analysis
Screwfix (Outlook)
There is no doubt that Screwfix has been a success story for Kingfisher as highlighted by its buoyant trading in recent years. Indeed, despite its ongoing rapid physical expansion, there appears to be little sign of cannibalisation, with the fascia reporting impressive like-for-like sales growth of 10.9% in FY2021.
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Analysis
Analysis: Why Kingfisher boss Thierry Garnier believes lockdown trends will last
DIY giant Kingfisher has posted a year of strong growth as the home improvement trend continued to thrive in lockdown – but how sustainable will the newfound passion for DIY be?
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News
Screwfix set to open 50 new stores this year
Screwfix has announced plans to open 50 new stores across the UK and Ireland in 2021.
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News
Screwfix sales hit £2bn as store estate grows
Screwfix has doubled its sales to £2bn over the last five years, while continuing to open new stores despite the pandemic.
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News
Kingfisher expects profits at top end of range after strong fourth quarter
Home and DIY giant Kingfisher has said it expects full-year profits to be at the top end of its £667m to £742m estimate, following continued strong trading in its fourth quarter.
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Analysis
Why Kingfisher’s NeedHelp acquisition is ‘missing piece of the puzzle’
Home and DIY giant Kingfisher announced the acquisition of French start-up NeedHelp this week, marking its first foray into the services sector.
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News
Kingfisher buys home improvement services marketplace NeedHelp
Kingfisher has acquired home improvement services marketplace NeedHelp as the group ramps up plans to become “more digital and service orientated”.
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News
Kingfisher sales surge as online demand drives growth
Kingfisher has posted a spike in sales during its third quarter as surging ecommerce demand drove its top-line growth.
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Analysis
How B&Q owner Kingfisher is switching to digital-first stores
Kingfisher has shifted strategy to prioritise in-store picking and new store types as it seeks to accelerate the integration of on- and offline.
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News
Screwfix to open 40 new stores by new year
Screwfix plans to open 40 new stores in the coming months despite the impact of the coronavirus pandemic on the retail industry.
