Kingfisher e-commerce

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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