France: Kingfisher France appoints Alain Rabec as CEO

Kingfisher plc announced on 27 September the appointment of Alain Rabec as CEO of Kingfisher France, which includes the Castorama and Brico Dépôt businesses. He will be responsible for over 200 stores, 20,000 colleagues and €4.5 bn of sales. He joined Kingfisher on 1 October and will also be a member of Kingfisher’s Group Executive. Mr Rabec is a highly experienced, operational retailer who has spent over 30 years in senior roles at Carrefour, the French retail group, according to Kingfisher. Most recently (2016-2018) he was executive director of Carrefour hypermarkets, where he was responsible for 230 stores with sales of €17 bn. The current CEO of Kingfisher France, Christian Mazauric, will be taking some time out from Kingfisher to recover from an operation. Kingfisher plc CEO Thierry Garnier said: “Christian has led our companies in France, B&Q in the UK and Brico Dépôt in Romania, and I would like to take this opportunity to thank him for his valuable contribution to Kingfisher. I look forward to welcoming him back to Kingfisher in the future.”

 

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France: Mixed results for DIY market

 

The do-it-yourself market in France grew by 0.4% to a volume of €26.0 bn in 2018, although the DIY stores made 0.3% less sales overall. However, in the DIY industry the development of the overall segment is still considered to be a positive result. At a press conference in Paris the presidents of both the association of manufacturers Inoha as well as the DIY association FMB, Jean-Éric Riche and Mathieu Pivain, highlighted the fact that the industry has “withstood” the difficult conditions. In comparison, the other industries in the field of home – furniture (-2.7%), household appliances (-0.4%), garden (+0.2%) – performed worse in 2018. Three quarters of the DIY market – €19.806 bn or 76% – is covered by large-scale DIY stores.

In contrast to this, wholesale has grown by 1.0% to a sales volume of €3.907 bn (15% market share). Traditional specialist shops have lost 2.0% (€728m, 3% share). The DIY departments at food retailers have also made 1.9% less sales (€547m, 2% share). As expected, the big winner was e-commerce with DIY products. It recorded an increase of 18% to €1.008 bn which corresponds to a market share of 4%.

In the DIY store distribution channel, market leader Leroy Merlin further expanded its position and boosted its market share from 34% in 2017 to currently 36%. Adeo controls 43% of the market when taking the sales channels Weldom and Bricoman into account. In contrast, Castorama, the number two in the French market, lost two percentage points and achieved a market share of 15%. Thus, the market share of the British Kingfisher group fell below 30% as its second sales channel, Brico Dépôt, remains at 14%. The shares of the remaining market participants are also largely unchanged.

 

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