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Evening Standard
Evening Standard
Business
Simon English

High Street fears mount as B&Q reveals DIY sales slump

DIY Kingfisher Thierry Garnier BQ

B&Q owner Kingfisher has revealed ‘resilient’ sales (Paul Faith/PA)

(Picture: PA Wire)

FRESH fears for the high street emerged today when Kingfisher reported a slump in sales that could indicate the lockdown DIY boom is over.

While the company behind B&Q says demand is resilient and it is on track to hit profit targets for the year of £770 million, hedge funds are aggressively betting against the company.

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