B&Q-owner, Kingfisher, has seen third-quarter sales fall 9% amid slowing demand for home improvements. Sales are down nearly 9%. Expensive items such as kitchen and bathroom units are the worst sellers, which is hardly surprising as such items have a high YEd (income elasticity of demand), never mind the collapse of the construction industry.Thursday, November 27, 2008
B&Q see lower sales
B&Q-owner, Kingfisher, has seen third-quarter sales fall 9% amid slowing demand for home improvements. Sales are down nearly 9%. Expensive items such as kitchen and bathroom units are the worst sellers, which is hardly surprising as such items have a high YEd (income elasticity of demand), never mind the collapse of the construction industry.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment