Preliminary results for the year ended 28 January 2012
DETAILED 'DELIVERING VALUE' MILESTONES ACHIEVED FOR THE FOUR YEARS TO JAN 2012
1. Driving up B&Q UK & Ireland's profit
- B&Q retail profit up 83% despite market decline
- Retail profit margin up 300bps to 6.2%, on track to achieve a sustainable 7% margin, supported by:
- Distribution efficiencies
- Shrinkage reduction
- More direct sourcing
- Cost efficiency programme
- Store estate updated
- Stringent store standards operating successfully
- Over 60% of colleagues achieved retail qualifications (NVQs or City & Guilds)
