Realistbear Posted February 16, 2006 Share Posted February 16, 2006 (edited) http://www.kamcity.com/namnews/asp/newsart...sp?newsid=25944 UK: B&Q´S SALES SLUMP CONTINUES Kingfisher saw no let-up in the recent poor performance of its B&Q chain during the fourth quarter. For the 13 weeks to 28 January like-for-like sales at B&Q fell 9% compared with an 8.4% drop in the third quarter and a 7% drop in the first half. With "no let up" in the poor performance of this sector it seems unlikely that the VIs and RICs are correct about the market being bouyant and ready to continue rising. The market has to face the reality that it is oversold, overpriced and overdue for a sharp correction. http://money.guardian.co.uk/businessnews/s...1710927,00.html "The UK home improvement market remains depressed and price competitive," the Kingfisher chief executive, Gerry Murphy, said. The DIY sector has been hit by a weak housing market , with Kingfisher also paying the price for rapid expansion during the property sector boom. "Weak housing market" seems to run counter to the VI reports this week? Proof in the pudding? Edited February 16, 2006 by Realistbear Quote Link to comment Share on other sites More sharing options...
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