DIY group Kingfisher – which owns B&Q and Screwfix – has seen digital sales grow by 18% to now account for 7% of total sales in the first half of 2019. However, overall, statutory pre-tax profit for the six-month period dropped 12.5% to £245 million at the London-based group
Following a month of improved sales in June, retailers failed to maintain the positive momentum in July, with online sales growth slowing to just +4.4% Year-on-Year (YoY) and falling by -5.7% Month-on-Month
Office for National Statistics (ONS) figures have made for sober reading in recent months, however figures for the quarter ended in July show some unexpected good news for, of all things, department stores
UK supermarket Asda delivered a 0.5% like-for-like sales growth excluding petrol over the second quarter of 2019 – but the UK’s third largest supermarket, saw like for like sales decline of 0.3% compared to the same period last year
Sales in the three months to June 2019 have shown a small increase of 0.7% year on year, but have bucked up by a more considerable 1.6% compared to May 2019, according to the latest ONS Retail Sales figures.
With excellent weather and the start of the sale season signalling the arrival of summer, online retail sales rose by +8.5% Year-on-Year (YOY) in June, according to the latest IMRG Capgemini eRetail Sales Index.
Asos has issues a new profits warning – the third in eight months – suggesting profits for the year could be as much as 46% down after sales stall and problems with new warehousing and distribution hit it hard.