Specialty Retail
Company Overview of B&Q plc
Company Overview
B&Q House
Eastleigh, SO53 3LE
United Kingdom
Founded in 1969
Key Executives for B&Q plc
B&Q plc Key Developments
B&Q plc reported earnings results for the quarter ended October 2012. The company made a profit of EUR 45 million in the three months to October 27, up 1.7% on the same time last year. The result was helped by cost cutting. Sales dropped 4% in the quarter.
The Valspar Corporation announced an agreement with B&Q plc to supply a full selection of premium Valspar paint to all 350 of its locations in the United Kingdom and Ireland. Valspar will be positioned as one of B&Q's paint brands and the two companies are collaborating to create an entirely new consumer experience not seen before in the U.K. decorative paints marketplace. The partnership significantly expands Valspar's presence in the U.K. and Ireland and will bring consumers more choices for interior and exterior paints that can be custom tinted to virtually any color. Previously, B&Q's stores offered primarily ready-mix paints in a smaller assortment of colors and textures. The new retail concept will be rolled out to all 350 locations throughout 2013. Due to the timing of the up-front investment, this initiative is not expected to have a material impact on its earnings in fiscal year 2013.
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