Washout summer hits B&Q profits

Daily Echo: The new B&Q HQ in Chandlers Ford The new B&Q HQ in Chandlers Ford

B&Q owner Kingfisher today said the wettest summer in 100 years cost the group £30 million in profit as demand for gardening and outdoor maintenance plunged.

The company, which also owns tools supplier Screwfix as well as Castorama and Brico Depot in France, said record rainfall in the UK and northern Europe helped prompt a 7 per cent drop in seasonal product sales in the 26 weeks to July 28.

B&Q sales in the UK and Ireland suffered a 6 per cent like-for-like decline to £2 billion as average footfall plunged 20 per cent in the severely weather-affected weeks.

The chain saw retail profit slide 24 per cent to £125 million.

The Chandlers Ford based DIY giant said sales of building products were hit by the adverse weather, while sales of indoor decorative products were up as customers switched some of their home improvement activities indoors.

The wet weather also saw a 33 per cent rise in slug pellet sales and water butts were up 60 per cent.

Kingfisher group retail profit in the UK and Ireland declined by 20 per cent to £145 million, reflecting weak seasonal sales and additional markdowns to clear seasonal stocks.

The wider group reported a 17 per cent slide in bottom line pre-tax profits to £364 million in the period as sales dipped 3 per cent to £5.5 billion.

Chief executive Ian Cheshire said: ''This has been a tough first half with unprecedented wet weather throughout the key spring and summer seasons in northern Europe.

''This affected footfall and demand for outdoor maintenance, gardening and leisure products, which normally account for a significant proportion of our first half sales.''

MeteoGroup has said 14.25 inch (362mm) of rain fell in June, July and August, making it the wettest summer since 1912.

Comments (7)

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11:57am Wed 12 Sep 12

bazzeroz says...

Yes, it's been a c.rap summer. Now we will pay more for our food as well. But rest assured that when everything is perfect in the fields the price will go back down again!
Yes, it's been a c.rap summer. Now we will pay more for our food as well. But rest assured that when everything is perfect in the fields the price will go back down again! bazzeroz

12:06pm Wed 12 Sep 12

ecuk268 says...

Huey wrote:
B&Q have hostile and violent staff.
When I walked in last week, some lad came straight up and asked me if I wanted decking!
Luckily I got in there first with a swift headbutt, but others might not be so lucky...
The old ones are the best
[quote][p][bold]Huey[/bold] wrote: B&Q have hostile and violent staff. When I walked in last week, some lad came straight up and asked me if I wanted decking! Luckily I got in there first with a swift headbutt, but others might not be so lucky...[/p][/quote]The old ones are the best ecuk268

12:17pm Wed 12 Sep 12

Lone Ranger. says...

No great surprise about B&Q and wouldnt alwats blame the weather.
.
Wanted to check on a products availabilty and special order ....... Phoned Customer Services at about 4-00pm .. No Reply after 15 minutes ... phone the Nursling Store ..... No Reply after 8 minutes ...... Decided to email the store ... 3 weeks ago and still waiting for a response.
.
Before you blame everything else B&Q check that the service you offer is good enough first
No great surprise about B&Q and wouldnt alwats blame the weather. . Wanted to check on a products availabilty and special order ....... Phoned Customer Services at about 4-00pm .. No Reply after 15 minutes ... phone the Nursling Store ..... No Reply after 8 minutes ...... Decided to email the store ... 3 weeks ago and still waiting for a response. . Before you blame everything else B&Q check that the service you offer is good enough first Lone Ranger.

1:37pm Wed 12 Sep 12

Georgem says...

Lone Ranger. wrote:
No great surprise about B&Q and wouldnt alwats blame the weather.
.
Wanted to check on a products availabilty and special order ....... Phoned Customer Services at about 4-00pm .. No Reply after 15 minutes ... phone the Nursling Store ..... No Reply after 8 minutes ...... Decided to email the store ... 3 weeks ago and still waiting for a response.
.
Before you blame everything else B&Q check that the service you offer is good enough first
You know you can check stock levels, and reserve for pickup, on their website, right?
[quote][p][bold]Lone Ranger.[/bold] wrote: No great surprise about B&Q and wouldnt alwats blame the weather. . Wanted to check on a products availabilty and special order ....... Phoned Customer Services at about 4-00pm .. No Reply after 15 minutes ... phone the Nursling Store ..... No Reply after 8 minutes ...... Decided to email the store ... 3 weeks ago and still waiting for a response. . Before you blame everything else B&Q check that the service you offer is good enough first[/p][/quote]You know you can check stock levels, and reserve for pickup, on their website, right? Georgem

1:57pm Wed 12 Sep 12

peasbewithu says...

B&Q should look a little closer to home. B&Q (Nursling) used to be a pleasure to visit, now it is a nightmare. Checkout staff have been replaced by robotic self service checkouts which never seem to work properly (Call for assistance!!!). Also do not be fooled by their prices - e.g. 12 coach bolts from B&Q £12 same product in local irnmonger in Totton £4.80p. Bag of cement cheaper in local builders merchant. Good bye B&Q - hello again local stores!
B&Q should look a little closer to home. B&Q (Nursling) used to be a pleasure to visit, now it is a nightmare. Checkout staff have been replaced by robotic self service checkouts which never seem to work properly (Call for assistance!!!). Also do not be fooled by their prices - e.g. 12 coach bolts from B&Q £12 same product in local irnmonger in Totton £4.80p. Bag of cement cheaper in local builders merchant. Good bye B&Q - hello again local stores! peasbewithu

5:15pm Wed 12 Sep 12

Lone Ranger. says...

Georgem wrote:
Lone Ranger. wrote:
No great surprise about B&Q and wouldnt alwats blame the weather.
.
Wanted to check on a products availabilty and special order ....... Phoned Customer Services at about 4-00pm .. No Reply after 15 minutes ... phone the Nursling Store ..... No Reply after 8 minutes ...... Decided to email the store ... 3 weeks ago and still waiting for a response.
.
Before you blame everything else B&Q check that the service you offer is good enough first
You know you can check stock levels, and reserve for pickup, on their website, right?
Thanks George i did not know that. However there were special sizes that had been ordered and not a normal stock item .......
[quote][p][bold]Georgem[/bold] wrote: [quote][p][bold]Lone Ranger.[/bold] wrote: No great surprise about B&Q and wouldnt alwats blame the weather. . Wanted to check on a products availabilty and special order ....... Phoned Customer Services at about 4-00pm .. No Reply after 15 minutes ... phone the Nursling Store ..... No Reply after 8 minutes ...... Decided to email the store ... 3 weeks ago and still waiting for a response. . Before you blame everything else B&Q check that the service you offer is good enough first[/p][/quote]You know you can check stock levels, and reserve for pickup, on their website, right?[/p][/quote]Thanks George i did not know that. However there were special sizes that had been ordered and not a normal stock item ....... Lone Ranger.

9:03pm Wed 12 Sep 12

Rob444 says...

So they're complaining about making a profit of 125 million pounds. Greedy or what?
So they're complaining about making a profit of 125 million pounds. Greedy or what? Rob444

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