Being stuck indoors for weeks on end may have been a nightmare for most of us, but B&Q are sitting pretty as their sales have gone through the roof as a result of people finally getting round to all that household DIY they’d been putting off for years.
With no more excuses left to avoid putting up those shelves or redecorating the bathroom, the British public has visited the DIY superstore en masse over the last few months, with the owner of B&Q and Screwfix revealing that sales of paint, wallpaper, plants and compost have soared since March.
Kingfisher have enjoyed a like-for-like increase in business of 21.6% in the three months leading up to the 18th July, with reopening of stores boosting revenue and online sales tripling.
Kingfisher’s stores in the UK and France closed in mid-March as the coronavirus pandemic took hold of Europe, triggering lockdowns across the continent.
Click-and-collect and home delivery options led to a remarkable 200% online sales surge in May and June, with Kingfisher also revealing that the good weather had helped drive demand, with the group saying it would be recruiting between 3,000-4,000 new workers, half of which would be in the UK, to help with the uptick in business. Although boss Thierry Garnier did also say these recruits would be temporary through the summer, depending on how a further easing of coronavirus lockdown measures affected sales.
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