All Screwfix articles – Page 2
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NewsKingfisher sales beat pre-pandemic levels but lockdown DIY boom slows
DIY giant Kingfisher’s sales declined against strong comparables in the last two years.
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AnalysisAnalysis: Why Kingfisher’s success is built on more than just lockdown headwinds
With inflationary pressures front of mind for both retailers and customers, Retail Week explores why Kingfisher believes the business is prepared to sail through the storm
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NewsKingfisher reshuffles top team and creates new chief commercial officer role
Kingfisher has rejigged its top team across its European fascias.
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NewsKingfisher sales dip as customer spend ‘normalises’
Kingfisher has reported a slight drop in sales year-on-year as consumer spending balances out post-pandemic.
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AnalysisAnalysis: From hairspray to hammers – could rapid delivery be a game-changer beyond grocery?
The rapid delivery revolution is gathering pace and where grocers have led non-food retailers are starting to follow, writes Nick Hughes.
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NewsKingfisher 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.
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NewsKingfisher raises outlook as profits soar across Europe
DIY giant Kingfisher has recorded rising profits as its ‘Powered by Kingfisher’ strategy drives business changes.
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NewsScrewfix rolls out rapid delivery service to more locations
After a successful trial in Bristol, Screwfix has rolled out its Screwfix Sprint delivery option.
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InterviewInterview: Kingfisher’s Thierry Garnier on building a new mindset at the DIY giant
With the pandemic prompting an acceleration in-store and online innovation, Kingfisher chief executive Thierry Garnier talks us through the group’s new retail formats, its test-and-learn approach and how that has shaped a new way of thinking throughout the business.
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NewsKingfisher raises profit guidance as sales surge across Europe
Kingfisher has upgraded its profit guidance after sales powered ahead of pre-Covid levels across its international markets.
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AnalysisDeep dive: Tackling the fulfilment nightmare before Christmas
With online sales expected to remain high this golden quarter and the industry facing operational challenges as the first post-Brexit Christmas, Retail Week explores how retailers can shore up their operations and fulfilment to meet consumer demand ahead of peak.
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Analysis‘I want it and I want it now’: How Dixons and Screwfix are serving impatient shoppers
As rapid delivery services multiply across grocery, Retail Week explores how Dixons Carphone and Screwfix are joining the race to bring laptops and power tools to customers in half an hour or less.
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NewsScrewfix to trial half-hour deliveries to local builders and DIYers
Screwfix is to begin a trial in Bristol delivering products in as little as 30 minutes.
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NewsKingfisher and Burberry unveil ‘ambitious’ new sustainability targets
Kingfisher and Burberry have lifted the lid on ambitious new carbon reduction targets in a bid to beef up their sustainability credentials.
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NewsKingfisher signs credit deal linked to sustainability targets
Kingfisher has announced a new revolving credit facility conditioned to its ambitious sustainable and community-based targets.
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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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Retail Navigator AnalysisScrewfix (Strategy)
Omnichannel retailer Screwfix has fast become the jewel in parent company Kingfisher’s crown, consistently reporting rising sales and profits while its sister brands struggled in a challenging market.
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Retail Navigator AnalysisScrewfix (SWOT)
With upwards of 900 stores now trading across the UK and Ireland, Screwfix is firmly on track for its target of 1,000 outlets over the next couple of years. This should see parent company Kingfisher take an increasing share of the trade market – particularly since B&Q has also moved into this market through the launch of TradePoint counters.
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Retail Navigator Analysis
Screwfix (Overview)
Screwfix is a fast-growing DIY retailer that targets trade professionals and serious DIYers with a highly regarded multichannel operation. Originally founded as a mail order operation in the 1970s, the business now trades from nearly 900 stores across the UK and Ireland and delivers to more than 20 countries from its European website.
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Retail Navigator AnalysisScrewfix (Financials)
UK sales at Screwfix surged 7.3% to £2,538m for the year ending 31 January 2024 (FY2023) with like-for-like sales climbing 1.4%, with the retailer gaining market share. It delivered a “good performance” across most categories, with tools and hardware, building and joinery and outdoor performing “particularly well”. Sales slowed in its second half, however, with like-for-like sales down 0.2% due to a weak market in December and unseasonably warm weather throughout the period.
