B&Q: declining like-for-like sales.

Chill winds continue to batter retailers

Published:  22 January, 2013

Severe winter weather with snow and ice is preventing travel and is expected to take its toll on retail business. Philip Dorgan, Panmure Gordon's retailing expert, takes a downbeat view of B&Q owner Kingfisher and has cut his profit forecasts slashing his current year earnings forecast to £700m from £730m and to £726m from £759m for next year.

Mr Dorgan believes that B&Q will have seen a continuation of declining like-for-like sales in the fourth quarter and expects a 6% decline after the 4% fall in the third-quarter and 2.5% in the comparable period last year.

He believes consumers will batten down the hatches in the first few months of the year and does not expect the shares to perform until the downgrade cycle comes to an end, which may be several months away.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.