LONDON, Nov 20 (Reuters) - British home improvement retailer
Kingfisher on Wednesday reported another fall in
underlying sales in its latest quarter, underlining the task
facing its new boss.
In September, Carrefour veteran Thierry Garnier succeeded
VĂ©ronique Laury as chief executive of the group, whose main
businesses are B&Q and Screwfix in Britain and Castorama and
Brico Depot in France.
Kingfisher said its total sales fell 3.2% at constant
currency to 3.0 billion pounds ($3.87 billion) in the three
months to Oct. 31, its fiscal third quarter, while like-for-like
sales fell 3.7%.
It said the drop reflected continuing disruption from new
range implementations, lower promotional activity and ongoing
operational challenges in France, and softer market conditions
in its main markets.
($1 = 0.7745 pounds)
(Reporting by James Davey; editing by Kate Holton)