Home Retailer B&Q's Third-Party Platform GMV Rises 29%, Pushing Towards Full Home Category Coverage

According to foreign media reports, B&Q, the home retail brand under the UK-listed Kingfisher Group, has announced the addition of camera and wearable technology categories to its third-party marketplace business, advancing its goal of becoming a full-range home goods trading platform.

Data shows that against the backdrop of a delayed spring consumption recovery and limited consumer spending, B&Q's third-party marketplace GMV increased by 29% year-on-year, with overall e-commerce sales rising by 16%. Online penetration increased from 16% to 19%, indicating that the growth rate of the third-party marketplace business significantly outpaced that of the overall e-commerce business.

In a public statement, Kingfisher Group CEO Thierry Garnier mentioned that since the beginning of the year, the group's business performance has shown resilience, achieving market share gains despite a soft market environment. Overall sales, including the third-party marketplace, increased by 0.8%, with core categories performing steadily. The delayed spring season somewhat affected in-store footfall and seasonal demand, while both e-commerce and trade sales achieved double-digit growth, with core growth drivers maintaining strong momentum.

Thierry Garnier also stated that the group will continue to advance its existing strategy, strictly manage gross margins and costs to ensure stable shareholder returns, expresses confidence in meeting its full-year performance guidance, and is prepared to seize the long-term growth opportunities in its various markets.