Our strategic progress

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Source and buy better, reduce costs and same-store inventory

We have identified significant opportunities to reduce costs across Kingfisher, with efficiency programmes in areas including store productivity, supply and logistics, goods not for resale (GNFR*), property (including lease renegotiations), IT and central costs, all of which will benefit from a simpler organisation over time. In addition, through the intelligent use of our scale, we expect to extract further value from sourcing and buying. Reducing same-store inventory levels over the medium and longer term is also a priority.

Read more in our full year results announcement

Source and buy better, reduce costs and same-store inventory proof points

9%

reduction in net stock days versus FY 19/20 *

110

B&Q stores are rolling out self-checkout terminals

Logistics costs

are being reduced in France through the reduction of distribution centre space

*excluding Russia

Figures from full year results ended 31 January 2022

View more proof points in the half year RNS

Discover other areas of our strategic progress