Bunnings sales hit by weak kitchen and bathroom business

Bunnings UK, which is owned by New Zealand and Australia-based conglomerate Wesfarmers, has reported total sales of £245 million in the third quarter ending March 31.

On a like-for-like basis, customer participation in Q3 increased by 2.2%.

For the financial year to date, total retail sales reached £851m.

Bunnings UK and Ireland managing director P J Davis said that trading during the quarter was negatively affected by “the continued repositioning of the kitchen and bathroom offering”, while performance across other core home improvement and gardening products was pleasing.

“Our first Bunnings Warehouse pilot stores have been well received by customers, team members, and the community,” said Davis. “The team continues to progress the strategic plan and is focused on building strong foundations.”

Bunnings acquired Homebase from Home Retail Group early last year for a sum of A$9.5 billion (£5.4bn).

It opened its first Bunnings pilot store in the UK in February, with a second pilot launched in April.

At the end of March there were 254 Homebase stores.

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