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

34

lease renegotiations at B&Q, with an average net rent reduction of 19%

261

stores now have self-checkout terminals across B&Q, Castorama France and Castorama Poland

Product availability

back to pre-pandemic levels

 

Figures from half year results ended 31 July 2022

View more proof points in the half year RNS

Discover other areas of our strategic progress