International DIY News
Kingfisher to Close all 19 Screwfix Branches in Germany
Kingfisher has confirmed it has taken the decision to close all 19 of its Screwfix Germany outlets.
In full-year results, Screwfix Germany sales increased by 8.3% (+9.1% LFL) and made a £16 million retail loss (2017/18: £18 million reported retail loss).
The Screwfix stores are expected to close in FY 19/20.
The company will maintain an online presence in the country.
Kingfisher said of the decision:
"Screwfix’s experience in Germany highlighted the importance of staying true to its core model and of extensive testing. We are embedding this experience into our plans and conducting extensive validation for market entry opportunities in France and Poland, initially via an online presence. These are both markets where the Group has existing scale, infrastructure and in-depth market knowledge.
Source : Insight DIY & Kingfisher PLC
Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.
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