Swedish DIY retailer Clas Ohlson is to launch a small portfolio of DIY stores in the UK this year. The chain, which has 90 stores across Scandinavia, specialises in houseware, power tools, hand tools, leisure and electrical items.
The announcement comes on the back of positive news within the DIY sector after B&Q and Screwfix owner Kingfisher posted encouraging figures for the second quarter of 2008, with sales at Screwfix and Trade Depot up 18.7% and B&Q showing signs of recovering after a quiet Spring.
Results for builders' merchants Travis Perkins were equally buoyant - the owners of DIY chain Wickes saw revenues increase by 5.4% in the 6 months to June 30 2008.
Clas Ohlson expects to launch 2-4 stores in the UK with 1 store confirmed to be launching in Croydon, South East London.
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