Germany: Hornbach CEO Steffen Hornbach to resign at end of year

Steffen Hornbach has informed the Hornbach Supervisory Board that for personal reasons he would like to resign from his mandate as chairman and member of the executive board of Hornbach Baumarkt AG in agreement with the company’s supervisory board with effect from 31 December 2019, as soon as a new chairman of the executive board has been found.
Steffen Hornbach will hold corresponding discussions with the Supervisory Board and its Personnel Committee. The Supervisory Board has noted his request and will appoint a suitable successor, who could be an external candidate, as soon as possible. Steffen Hornbach (61) joined the company in 1988 and was appointed to the Executive Board in 1992. He has been chairman of the board since 1 November 2001.
Find out more here: www.hornbach-holding.de

 

Germany: Preparations underway for Heimtextil 2020 edition

Heimtextil is the biggest international trade fair for home and contract textiles. Held in Frankfurt am Main on 7-10 January 2020, this will be the 50th edition of the trade fair.

The first trade fair of the year for its sector, it is a climate and trend barometer for the new business year. Heimtextil is the season opener for new trends and textile innovations. Here, you can find everything in one place: interior textiles, interior design and interior trends.

Heimtextil is one of the EDRA/GHIN Recommended Global Trade Fairs.

Should any EDRA/GHIN Member wish to receive complimentary VIP Tickets to Heimtextil please contact info@edra-ghin.org

 

For more information please visit: www.heimtextil.messefrankfurt.com

Canada: Positive Q2 for Canadian Tire

Canadian Tire Corp. has released its second-quarter results for the period ended 29 June. Consolidated retail sales increased $53.6m or 1.3% in the period. Excluding petroleum, consolidated retail sales were up 2.3% over the same time last year.

Consolidated revenue grew by 5.9%. Excluding petroleum, it was up by 7.9% in the quarter. For the retail segment, revenue increased 5.7%. Excluding petroleum, retail segment revenue increased 7.8%. Retail sales by Canadian Tire stores increased by 2.1% and comparable sales were up 1.9% in the second quarter.

For more information visit: www.hardlines.ca

UK: Screwfix opens two new stores in one day

The UK omni-channel retailer Screwfix is ploughing ahead with expansion plans, opening trade counters in both High Wycombe and Northallerton on the same day earlier this month. The two new units join Screwfix’s network of more than 640 stores nationwide and form part of the Kingfisher-owned chain’s plan to have more than 97% of the UK population within a 30-minute drive of one of its stores. The business is set on rapid expansion and, just last month, Screwfix opened four new branches, with three officially opening their doors on the same day on July 18.

Read more at: www.diyweek.net

China: China International Hardware Show gearing up for October

China International Hardware Show (CIHS) is Asia’s top trade fair for the entire hardware and DIY sectors offering specialist traders and buyers with a comprehensive category of products and services. It is now clearly established as the world’s second largest hardware show after the International Hardware Fair Cologne in Germany. Taking place on 10-12 October 2019 at the National Exhibition and Convention Centre (Shanghai), CIHS 2019 anticipates attracting more than 3,000 exhibitors. A special focus of CIHS 2019 will be on internationality and high-quality brands, which will be located in exhibition hall 5.1 – the point of access to the venue for 80% of visitors. Compared with last year the total exhibition area 2019 will be located on one level on 120,000 sqm.

Should any EDRA/GHIN Member wish to receive complimentary tickets to attend the CIHS please contact info@edra-ghin.org

 

Read more about the show at: www.hardwareshow-china.com

UK: Travis Perkins announces Wickes demerger

At the capital markets event in December 2018, the Group announced the intention to strengthen the performance of Wickes and to capitalise on its clear competitive advantages in the DIY, small trade and kitchen and bathroom markets. At the same time the Board committed to review the options for maximising the value of Wickes in the medium term. Since the capital markets update, the group has said good progress has been made in strengthening Wickes trading performance and steps have been taken to provide Wickes with greater autonomy from the Travis Perkins group through the separation of its systems and processes. After reviewing the options, the Board has determined to demerge Wickes to shareholders as a standalone business. The demerger of Wickes is a key component of the overall Travis Perkins strategy to focus on trade customers and to simplify the Group which the Board believes will underpin the creation of enhanced value for shareholders. It is expected to complete in H1 2020.

 

Read more at: www.diyweek.net

Spain: Brico Centro rebrand of three Spanish Bricorama stores

After the takeover of Bricorama Spain by the Italian DIY retailer Bricofer failed, there is a future for three of the Bricorama stores in Spain: Leal Decoración, a Brico Centro franchisee, has taken over the locations in Abrera near Barcelona (3,500 sqm), Verger near Alicante (2,500 sqm) and Ontinyent near Valencia (1,550 sqm). They will be converted to the Brico Centro brand and reopened at the end of October. This means that the franchise chain will be represented in Catalonia and in the Valencia region for the first time and by the end of the year – a further project in Galicia in the north-west of the country – will have 21 locations.

 

Read more at: www.diyinternational.com

 

Sweden: Byggmax increases turnover

The Swedish Byggmax group made sales of SEK 1.7990 bn (€170.45m) in the second quarter of 2019 and thus achieved growth of 3.9%. The primary sales channel Byggmax grew by 5.6% to SEK 1.5717 bn (€148.85m). The plus came about through the addition of eight locations compared to mid-2018, as like-for-like figures were minus 1.8%. Overall and before adjusting for currency effects, sales rose by 7.1%. The Skånska Byggvaror sales channel made SEK 202m (€19.14m) and thus 0.4% more sales than in the same quarter of the previous year. In the first half of the year the group’s sales totalled an overall SEK 2.5144 bn (€238.23m) which corresponds to a growth of 4.9%. The Byggmax sales channel grew by 7.0% in the first six months, however made 0.4% less on a like-for-like basis.

www.diyinternational.com

UK: Four new Screwfix outlets

The Kingfisher-owned chain Screwfix is set to open four new branches this month, with three officially opening their doors on 18 July. The new sites are all located in southern England in Wiltshire, Bristol, Kent and Warwickshire. Screwfix has said it is “confident” it has chosen great locations for all of the new sites. Screwfix reported a sales uplift of 9.6% in Q1 with LFL at +4.5% and four new outlets opening in the UK between January and April 2019, adding to its growing network of over 620 stores nationwide. Since then, the business has opened a further two sites, in Linlithgow and Towcester.

 

Read more at: www.diyweek.net

Germany: Tengelmann restructures

The , which includes the German DIY market leader OBI, is realigning its holding and closing down the operational business of the previous holding company (Tengelmann Warenhandelsgesellschaft KG). The new holding company Tengelmann Twenty-One KG will replace it, with a changed strategic and international orientation, according to the company. Since many of the operational responsibilities currently discharged by the holding company will be handled in future by the affiliated companies themselves, the new holding firm Tengelmann Twenty-One can be much leaner in terms of personnel, says a press release. In addition to the previous finance, tax and legal departments, new ones such as business development, investment management and talent development will be created. The internationalisation strategy already pursued in the past will be followed more closely.

Read more at: www.diyinternational.com