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Kingfisher Sales Drop as Britons Buy Fewer Bathrooms

Kingfisher Plc, Europe’s largest home-improvement retailer, said second-quarter sales declined as the U.K. B&Q chain offered fewer promotions and Britons cut spending on large items such as bathrooms and kitchens.

Revenue at stores open at least a year fell 0.8 percent, excluding currency swings, in the 10 weeks ended July 10, the London-based company said today in a statement. The decline was led by the U.K., where same-store sales dropped 4.4 percent.