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B&Q sees lfl sales dip in ‘challenging’ market

Published: 21 February 2008
B&Q saw its like-for-like (lfl) sales dip 1.7% in a ‘challenging’ fourth quarter.
B&Q sees lfl sales dip in ‘challenging’ market
However, Ian Cheshire, the new chief executive of its parent company, Kingfisher, said the store giant had made good progress in the challenging market.

He added: "B&Q finished the year in better shape after the biggest 12 months of change in its history."

B&Q reported total sales of £874m, up 0.2% on a 13 week basis with results from its new format stores described as 'encouraging' with new decorative, bedroom and flooring ranges performing particularly well.

As a whole the group revealed total sales were up 4% to £2.180m (2006/7: £2.083m) despite a 7.5% dive in its Asian markets.

French sales increased 4.3% with the rest of Europe enjoying gains of 14.3% boosted by a strong performance in Poland (up 12.1%).

· For a full report and analysis see the February 29 issue of DIY Week.

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