Our strategic progress

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

We believe there are significant opportunities to reduce costs across Kingfisher – in areas such as store productivity, supply and logistics, goods not for resale (GNFR*), property (including lease renegotiations), IT, and central costs, all of which will benefit from reduced organisational complexity 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 H1 results announcement

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

15%

reduction in net stock days

Scan & Go

rolled out in Brico Dépôt Iberia

Figures from half year results for the six months ended 31 July 2021

View more proof points in the half year RNS

Discover other areas of our strategic progress