The German DIY group Hornbach has confirmed its sales forecast for the first quarter, but reduced its EBIT forecast for the 2022/2023 financial year. The executive board expects net sales to rise by 8 per cent to EUR 1…
Change at the top
Obi: Sergio Giroldi retires - Sebastian Gundel to succeed him
At today's supervisory board meeting, Sergio Giroldi (67) announced his decision to retire as chief executive officer …
Central bank data
Brunei: Loans for home improvement continue to fall
Bruneians’ appetite for home improvement remained weak in the last quarter of 2021, with borrowings for the purpose hitting …
2015 to 2020
Top 5 DIY retailers worldwide increased sales space almost without exception
Four out of five of the world's Top 5 DIY retailers increased their retail space between 2015 and 2020…
Press reports
Bauhaus Austria to grow by 15.8 per cent
The German DIY chain Bauhaus is believed to have achieved sales of around EUR 490 mio in Austria in 2021, equivalent to an increase of …
Strongest growth in the garden
Italian DIY stores increased their turnover by 9.1 per cent in 2021
DIY stores in Italy increased their turnover by 9.1 per cent in 2021. The garden range grew the most, by 16.0 …
Inflation depresses earnings
Ace Hardware reports growth of 8.9 per cent
Ace Hardware has reported record first-quarter 2022 revenues of USD 2.2 billion, an increase of USD 181.8 million, or 8.9 per cent, …
UK
Wickes like-for-like at the beginning of 2022 with a slight minus
Wickes has reported a slight year-on-year decline in its like-for-like sales of 0.6 per cent in the first 20 weeks…
Statistics
Kingfisher sales up 25.6 per cent since 2010
UK-based Kingfisher has delivered strong sales growth of 6.8 per cent and 7.3 per cent in both the 2021 and 2020 coronavirus years. …
Omni-channel strategy
Ikea opens in skyscraper
Ikea has opened a furniture store in the Canadian city of Toronto. It is the first time it is in the immediate downtown area. Located on the first two …
Openings in April and May
Mr. DIY with nine stores in Turkey and eight in Spain
Malaysian home improvement retailer Mr. DIY has grown its footprint in Turkey and Spain, where it opened three outlets each …
First quarter
Kingfisher down year-on-year but up double-digits on 2019 sales
UK-based Kingfisher Group has reported a 5.8 per cent (-4.2 per cent in constant currency, -5.4 per cent in constant…
Austria
Lagerhaus stores increase home and garden sales by 7.8 per cent
Lagerhaus stores in Austria increased their home and garden sales by 7.8 per cent to around EUR 667 mio in 2021. In …
-4.0 per cent
Lowe's reports sales decline in first quarter
Lowe's, the number two DIY store in the U.S. and globally, has reported a decline in sales for the first quarter (ending 29 April) of …
47 new stores fail to lift sales
Mr. DIY sees first-quarter sales flagging because of Omicron
Mr. DIY saw a modest rise in first-quarter sales as weak consumer spending resulting from a fresh surge in coronavirus …