Germany: Ambiente getting set for 7-11 February 2020 in Frankfurt

Ambiente is gearing up for another successful event next year, taking place on 7-11 February 2020 in Frankfurt. The show is one of the world’s most important consumer goods trade fairs, boasting a globally unrivalled range of products in the Dining, Giving and Living areas. With the latest design trends and innovations, interest in the fair is increasing as the high number of buyers makes Ambiente attractive to even more exhibitors from around the world. In 2019, 4,460 exhibitors from 92 countries attended the fair. Ambiente is one of the EDRA/GHIN Recommended Global Trade Fairs.

Any EDRA/GHIN Member who would like complimentary VIP Tickets to attend Ambiente should contact info@edra-ghin.org.

Find out more at: www.ambiente.messefrankfurt.com

UK: Mixed results for Kingfisher

In the UK and Ireland, B&Q total sales dropped 3.3% to £1,773m in H1, impacted by the axing of installation services and declines across showroom and weather-related categories. Kingfisher reported a number of exceptional items for the half year ended 31 July, including a £68m restructuring charge relating to redundancy costs following the group’s plans to close 11 stores in France and 19 Screwfix Germany outlets. The retailer described financial performance in the half as “mixed”. Screwfix, Poland and Romania delivered like-for-like sales growth for the period. However, sales at B&Q and Castorama France, were disappointing, with the retail group attributing declines to “a weak consumer backdrop in the UK and disruption caused by new range implementation”, alongside ongoing transformation-related issues at Castorama France. B&Q like-for-like (LFL) sales declined by 3.2% in H1.

Online was a more positive story, as B&Q’s total digital sales continued to make good progress, with sales growing by 10% and now representing 5% of total sales. The retailer also recorded a £1 million profit in the period on the disposal of properties in the UK.

Screwfix grew total sales by 9.9% (+5.1% LFL) to £882m, driven by specialist trade desks exclusive to plumbers and electricians, strong digital growth of 18% (now accounting for 32% of total sales); and the continued roll out of new outlets. The retailer opened 16 new Screwfix outlets in H1 19/20, taking its estate to 643. The company’s longer-term target is to operate around 800 outlets in the UK, and the business said it remains “on track” to open stores in the Republic of Ireland in the second half of the year in order to complement its existing online presence. Total sales for the Kingfisher Group were down 0.9% in constant currency.

 

Read more at: www.diyweek.net

South Africa: 4% sales rise for Cashbuild

Cashbuild, EDRA Member and building materials, DIY and hardware retailer in South Africa, racked up sales amounting to ZAR 10.821 bn (€659m) in fiscal 2018/2019 (ended 30 June 2019), which comprised 53 weeks. Scaled down to 52 weeks, the company’s sales were ZAR 10.622 bn (€647m), 4% more than in the previous year. At the reporting date, Cashbuild operated 315 stores, including 59 P&L Hardware stores and one DIY store. During 2018/2019 the company opened nine Cashbuild stores and two P&L Hardware stores, as well as refurbishing 26 stores. Five Cashbuild stores, three P&L stores and six DIY stores were closed. Cashbuild operates more than 300 stores in South Africa and the common monetary area with Namibia, Swaziland and Lesotho as well as in Botswana, Malawi and Zambia.

Read more at: www.diyinternational.com

Slovakia: Hornbach launches fourth store

Hornbach has opened it’s fourth Slovakian store, after two outlets in the capital Bratislava and one in the eastern Slovak Košice. According to the company, over €22m were invested in land, construction and equipment. “Hornbach achieved Group-wide sales growth of 5.3% in the past financial year. The region of Slovakia has an above-average share of this gratifying development,” explained Jaroslav Paděra, regional manager of Hornbach in Slovakia and the Czech Republic. “This encourages us in our commitment in this country, in which we have held in the difficult times of the economic and financial crisis. We are growing organically step by step and are very pleased that we are now expanding our store network with an attractive market here in the northeast of the country.” Currently, Hornbach’s product range in Slovakia comprises more than 120,000 items.

 

Read more at: www.baumarktmanager.de

Germany: Christmasworld, Floradecora, Creativeworld & Paperworld set for Jan 2020

Messefrankfurt is gearing up for its quadruple trade fair taking place in January in Frankfurt. Christmasworld, the world’s biggest trend and order platform for the international seasonal and festive decoration sector, will take place on 24-28 January 2020 as well as Floradecora, the market place for fresh flowers and decorative plants. On 25-28 January Messfrankfurt will also be hosting Paperworld, the international trade fair for stationery, office supplies and writing instruments, and Creativeworld, the world’s largest trade fair for hobby, craft and art supplies uniting the most important manufacturers from all over the world. Christmasworld, Floradecora, Creativeworld & Paperworld are all EDRA/GHIN Recommended Global Trade Fairs. Any EDRA/GHIN Member who requires complimentary VIP Tickets to these trade fairs should contact info@edra-ghin.org.

 

More information can be found at: www.messefrankfurt.com

Germany: Sales up 5.5% for OBI

The German market leader OBI increased its net sales in the last financial year by 5.5% to  €6.4424 bn. Sales in Germany amounted to €3.2614 bn, equivalent to an increase of 4.2% and slightly outstripping the sales figure outside Germany (€3.1811 bn; + 6.9%). The figures were released by the parent company Tengelmann. The number of OBI stores grew by 2% in the same period to 668 outlets, while the workforce increased by 4.8% to 47,367.

 

Read more at: www.diyinternational.com

U.S.: Home Depot profits exceed expectations

Home Depot has reported its Q2 net income was $3.48 bn, or $3.17 per share, compared with $3.51 bn ($3.05 a share) for the comparable period last year. Those numbers missed analyst expectations of $3.08 a share. Sales rose by 1.2% to $30.84 billion, compared to $30.46 bn a year ago but fell short of the expected $30.99 bn. Same-store sales increased by 3% overall and by 3.1% in the U.S., missing forecasts of 3.5% growth.

 

Read more at: www.hardlines.ca

U.S.: Lowe’s Q2 comp sales up

Lowe’s Cos. has released its second-quarter results with net earnings of $1.7 bn, up from $1.5 bn in the second quarter of 2018. Sales for the second quarter increased 0.5% to $21.0 bn from $20.9 bn, while comparable sales increased 2.3%. Comparable sales for the U.S. home improvement business increased 3.2%. “We capitalized on spring demand, strong holiday event execution and growth in paint and our pro business to deliver strong second quarter results,” said Lowe’s President and CEO Marvin Ellison.

 

Find out more at: www.hardlines.ca

Germany: Hornbach brings dm manager Erich Harsch to the board

On 1 January 2020, Erich Harsch (57) will take over the position of chief executive officer of Hornbach Baumarkt AG following Steffen Hornbach’s retirement. The managing director of the drugstore chain dm is no stranger to Hornbach. He has been on the supervisory board of Hornbach Baumarkt AG since July 2013. He is also a member of the supervisory boards of Hornbach Holding AG & Co. KGaA (since January 2014) and Hornbach Management AG (since October 2015). “We are happy and proud that we were able to recruit Erich Harsch as the new CEO. He is the ideal candidate for us,” says Albrecht Hornbach ceo of Hornbach Management AG. Harsch has profound experience in stationary retail as well as in the digital transformation of the industry. With his track record with the Hornbach Group, the retail expert is familiar with the business model and structures of the listed DIY store group as well as the challenges of the DIY market.

 

Read more at: www.baumarktmanager.de

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