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Strategy Briefing
Kingfisher Plc: FY18/19 Update
10 pages, Jun 2019
US$570Added to Cart
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About This Report
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Kingfisher Plc is a leading home improvement and gardening retailer with a presence in Western and Eastern Europe. However, the company has gone through major changes in its latest fiscal year FY18/19, from the stepping down of chief executive officer Véronique Laury, to the announcement of further store closures across Europe and exit from Spain and Portugal.
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Overview
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
Key Findings
Kingfisher Plc is an international home improvement retailer headquartered in the City of Westminster, London. Founded in 1982, the company has since expanded to a network of 1,331 stores as of 31 January 2019.
The company operates the retail chains B&Q, Screwfix, Castorama, and Brico Dépôt. Kingfisher Plc also operates the Koçtaş chain in Turkey, a 50% joint venture with Koç Holding AŞ.
Seven years after opening its first store in 1999, Kingfisher Plc has finally called it quits in China. The company sold a controlling 70% stake in B&Q China in 2015, followed by the remaining 30% to Wumei Holdings Inc in 2016.
In November 2018, Kingfisher Plc announced its decision to pull out of Portugal, Russia and Spain in order to focus on its core markets.
In March 2019, Kingfisher Plc announced further closures of underperforming stores across Europe. Nine Castorama stores and two Brico Dépôt stores in France, and all 19 Screwfix stores in Germany are scheduled to close.
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Introduction
Scope
Key company facts
Financial assessment
Transformation costs cause dip in pre-tax profits
Crisis of faith in leadership team
Prolonged weakness in French market
More store closures announced in France
Kingfisher Plc to adopt online-only approach in Germany
Kingfisher Plc exits Spain and Portugal
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
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