DIY Craze Still Boosts Sales At B&Q But Supply Bottlenecks Bite
“The DIY craze for home and garden makeovers shows little sign of abating with sales at B&Q owner Kingfisher surging by 62% in the first quarter. Q1 2021 hedge fund letters, conferences and more B&Q Q1 EarningsThe first shock of lockdown saw sales plummet at the group during the same period last year which accounts partly for this rapid rise, but compared to 2019, sales were up by 23% across the group. People rolled up their sleeves and got stuck into home improvements during the third lockdown with sales at B&Q soaring by 82%. Shoppers splurged on projects to prepare for social life resuming ...