Kingfisher PLC
13 June 2000
KINGFISHER PRESENTS ITS E-KINGFISHER STRATEGY
Kingfisher today presented its clicks and mortar strategy for its new e-
Kingfisher division, formed to seize the opportunities provided by the rapidly
growing numbers of online shoppers. Building on its pan-European strengths in
DIY, Electricals and General Merchandise, the Group has appointed a dedicated
e-Kingfisher team that will work closely with the Kingfisher Group brands to
develop the e-commerce activities already operating within the Group and to
explore new initiatives. The e-commerce initiatives will draw on the
resources of the Group's brands and will be closely in line with the
businesses.
By 2004 consumer spending in the key European markets in Kingfisher market
sectors is estimated to be about £11 billion, representing 5% of the total
market. This could produce a sales opportunity of around £1.5 billion
annually by 2004/5. Kingfisher expects that in the current financial year that
its total direct sales will exceed £200 million of which the online element
will be some £40 million.
'Kingfisher is dedicated to giving customers unbeatable service, choice and
value. The strengths of our well-known and trusted brands, combined with the
Group's highly developed sourcing capabilities and our distribution and
fulfilment knowledge, make Kingfisher well placed to seize the tremendous
opportunities of e-commerce,' commented Sir Geoffrey Mulcahy, Chief Executive
of Kingfisher.
Kingfisher will also use its brand strength to launch new initiatives across
Europe and will continue to invest in new businesses where it can leverage
Kingfisher's retail skills and assets to achieve a greater share in all its
key markets. As part of this strategy Kingfisher has announced with Freeserve
the development of an exclusive health content, e-commerce and sponsorship
deal between Superdrug, Planet Medica.com and Thinknatural.com .
'e-Kingfisher will be the accelerator for the Group to pursue its '3e'
strategy - exploiting and extending Kingfisher's brands and exploring new
initiatives. The e-Kingfisher management team will combine the best of both
old and new economy skills to drive our ambitious strategy forwards,' said
Ian Cheshire, e-Kingfisher Chief Executive.
For more information contact:
Media Enquiries
Gwen Gober, Director of Corporate Affairs + 44 (0) 20 7725 5714
Gail Lavielle, Director of Corporate Communications + 33 (1) 43 18 52 68
Broker and Institutional Enquiries
Keith Williams, Director of Investor Relations + 44 (0) 20 7725 5776
Graham Fairbank, Head of Corporate Communications + 33 (1) 43 18 52 26
Kingfisher plc + 44 (0) 20 7724 7749
Kingfisher website www.kingfisher.co.uk
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