Home improvement retailer Kingfisher has seen a surge in demand for energy efficient products, as households try to curb their use of gas and electricity.
CEO Thierry Garnier told the City: “While the market backdrop remains challenging, DIY sales continue to be supported by new industry trends such as more working from home and a clear step-up in customer investment in energy saving and efficiency. DIFM and trade activity also continues to be well supported by robust pipelines for home improvement work.”
Kingfisher, which owns the B&Q, Screwfix, TradePoint and Castorama Poland chains, grew like-for-like sales by 0.2% in the last quarter, putting them 15% higher than before the pandemic.
Customers have been snapping up items such as smart thermostats, and home insulation