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B&Q owner Kingfisher suffers as big-ticket sales remain weak

A dearth of 'big-ticket' sales have hurt overall volumes
May 21, 2024
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Kingfisher (KGF), the DIY chain that owns the B&Q and Screwfix businesses, reported broadly flat revenues at constant currencies in a first quarter (Q1) trading update. Thierry Garnier, group chief executive, explained that the group had benefited from “continued resilience in our core categories, although 'big-ticket' sales have been weak, reflecting the broader market as expected”.

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