Parent company continues making profit
Despite B&Q’s underwhelming sales performance, its parent company is doing rather well. Over the last few years, Kingfisher showed an impressive improvement on profit from its retail operations. Besides B&Q, Kingfisher’s retail portfolio includes another DIY and hardware brand Screwfix, which is active only in the UK.
B&Q: A recognized DIY brand
Stagnant sales figures aside, B&Q is one of the most well-known brands in the UK. In 2018, the retailer had the highest brand awareness among UK consumers in the DIY category. B&Q’s closer rival was Wickes, which is another subsidiary owned by building materials retailer Travis Perkins.