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B&Q and Kingfisher continues to ride the DIY boom

by LLB Editor
12th Jan 21 11:17 am

Kingfisher’s trading update would suggest thousands of people trying to work from home are going to continue to hear the banging through the wall from their neighbour’s DIY projects for quite some time.

The working from home phenomenon has driven a new DIY fad, with people realising their home could do with sprucing up, particularly if they are going to spend a lot more time inside it.

Kingfisher has been on a roll since the first lockdown with sales shooting up. Its fourth quarter trading update shows an acceleration in sales growth since mid-November, driven by its overseas territories and in particular France.

While its stores are currently open across its geographical territories, it does have to contend with some restrictions such as the temporary closure of B&Q showrooms across the UK, and limits on the number of people allowed inside a store in other territories.

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