LONDON — Kingfisher plc can’t account for the sharp drop in sales it experienced in June, according to Reuters. The company hadn’t expected the second quarter to be as busy as the first, which was buoyed by warm weather, but was caught off guard by the suddenness of the downturn in June, with markets in France and Poland hit especially hard. CEO Ian Cheshire said it was “unclear whether this recent weakness is short term phasing in nature.” At the same time, Kingfisher announced that its deal to buy its smaller rival, France’s Mr Bricolage, had become binding and is entering antitrust evaluations.
Kingfisher stumped by June slowdown
Most Recent
Most Read
RONA adds six new affiliate dealers
Fri, April 26th, 2024
King Marketing gathers national team, celebrates achievements of its reps
Fri, April 26th, 2024
Aaron Jarosz promoted to lead Home Depot Canada's pro services
Thu, April 25th, 2024
New owners for Canadian Tire store in Innisfil, Ont.
Thu, April 25th, 2024
United Hardware merges with Do it Best
Thu, April 25th, 2024
Throwback Thursday: Ten years ago, Home Depot Canada started using stores as online showrooms
Thu, April 25th, 2024
CEO shares plans for Home Hardware’s 60th anniversary
Wed, April 24th, 2024
West Fraser posts Q1 financials
Wed, April 24th, 2024
IKEA introduces online financial options
Wed, April 24th, 2024
Retail sales stable in February
Wed, April 24th, 2024