The Latest Breaking News from Kingfisher

FRESH fears for the high street emerged today when Kingfisher reported a slump in sales that could indicate the lockdown DIY boom is over.

Retailer launches £300m share buyback as it retains most of sales increase during Covid pandemic

Owner Kingfisher has reported an improvement in its sales decline and said it was driven by "resilient demand"

Screwfix saw its sales boosted by the lockdown DIY boom, as Brits turned to home renovations at a time when pubs, restaurants and shops were closed. Hardware stores were allowed to stay open

The retailer’s sales were boosted during the pandemic as locked down Britons hired tradespeople to spruce up their properties and gardens.

The home improvement industry has been one of the biggest beneficiaries of the COVID-19 pandemic. Home renovation retailers gained significantly as prolonged indoor stays encouraged people to consider restyling and remodeling their homes. Furthermore, a growing inclination to transform homes and boost living/working comfort continues to propel the industry’s growth.…

It comes as the broadcaster is facing the prospect of privatisation.

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The DIY boom helps profits surge at the B&Q and Screwfix owner as it pledges to keep battling rivals on price amid the cost-of-living squeeze.

Demand for energy-saving kit and the shift to working from home are driving sales, says Kingfisher boss

Kingfisher said it was “shocked and deeply concerned” at the invasion of Ukraine