UK DIY News
Screwfix LFL sales up 13.8%
Screwfix's performance in the UK and Ireland has been revealed in Kingfisher's full-year results, covering the full year ended 31st January 2017.
Screwfix grew total sales by 23.2% (+13.8% LFL) to £1,299 million, driven by strong growth from the specialist trade desks exclusive to plumbers and electricians, strong digital growth (e.g. click & collect +60%, mobile +124%) and the continued roll out of new outlets. 60 new outlets were opened, taking the total to 517. Our overall target is to have around 700 outlets in the UK, up from 600 previously.
It was reiterated that expansion within the Group will be limited, focused on Screwfix in the UK and Germany in the medium term.
Ten further Screwfix outlets were opened in Germany during the reporting period.
Source : Kingfisher PLC
www.kingfisher.com
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