Big W Expansion

Kingfisher PLC 8 February 2001 PRESS RELEASE 8 February 2001 Kingfisher plc to Accelerate Big W Expansion Kingfisher plc has today announced that it is to accelerate the expansion of its Big W out-of-town superstore concept following continued strong growth including a successful Christmas trading period, which saw two outlets in Coventry and Edinburgh become the first stores in the Kingfisher Group to make weekly sales of over £1 million. The Big W superstore format is part of Kingfisher's General Merchandise sector which, as the company announced in September 2000, is to be separated from its DIY and Electrical Retailing sectors in second quarter 2001. Already the largest player in the £50 billion a year general merchandise market with its Woolworths, MVC and Superdrug chains, Kingfisher sees the success of Big W as key to its General Merchandise sector extending its leading position in a market which is expected to grow by 5% every year for the foreseeable future. With eight Big Ws currently operating in the UK, the company now plans to open these purpose-built 85,000 square feet stores at a rate of one every month for the foreseeable future. The company aims to operate at least 60 outlets by 2005, creating over 15,000 jobs. Commenting on the expansion plans, Kingfisher Chief Executive Sir Geoffrey Mulcahy, said: 'Big W has brought a major new dynamic to the general merchandise market and its success to date has surpassed our most optimistic expectations. 'Customer feedback to the Big W concept has been overwhelmingly positive. Each of these stores now serve over a million customers a year and have annual sales of over £15 million. 'By accelerating the roll-out of these massive outlets and providing customers with even more choice in store through the introduction of new ranges such as jewellery and accessories, car care goods and sports products, we believe that Big W will become a major driver of the separated business and will significantly strengthen its leading position within the UK's general merchandise market'. -ends- Notes to Editors * The Big W superstore concept brings together products from many Kingfisher brands including Woolworths, Superdrug, B&Q, BUT and Comet as well as offering a selection of low cost but fashionable and good quality clothing * Big Ws are massive 85,000 square feet out-of-town superstores, each of which attracts over a million customers a year, employs around 250 people and generates sales in the region of £15 million annually * There are currently 8 Big Ws in Bristol, Edinburgh, Coventry, Rotherham, Stockton, Glasgow, Bradford and Redruth For further information: Media Enquiries: John Eyre +44 (0)20 7725 5714 Jonathan Miller +44 (0)20 7725 5713 Gail Lavielle (France) +33 (0) 1 43 18 52 68 Broker and Institutional Enquiries: Andrew Mills +44 (0)20 7725 5776 Ian Harding +44 (0)20 7725 4889 Graham Fairbank (France) +33 (0)1 43 18 52 226 Kingfisher plc +44 (0)20 7724 7749 Kingfisher Website www.kingfisher.co.uk

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Kingfisher (KGF)
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