The owner of B&Q has reported a boost in revenues over the last quarter as people look to improve energy efficiency in their homes amid the cost-of-living crisis.
Kingfisher, which also owns Somerset-headquartered Screwfix, said sales of loft insulation materials had more than doubled for the three months to October 31, while the DIY market remained buoyant as people continue to work from home.
According to the company, sales of loft insulation roll at B&Q increased by 108% over the period, compared with the same time last year, as customers sought to offset rocketing energy prices. Meanwhile, Screwfix shops reported a 29.1% increase in sales of smart thermostats and kits and a 33.7% rise for thermostatic radiator valves.
