Cashbuild enjoys sales boom as economy opens up after first hard lockdown
Group revenue for the year to end-June expected to be up 25% as transactions at pay points rise 23%
22 July 2021 - 19:29
Building materials retailer Cashbuild expects its revenue to rise just more than a third in the three months to June compared with the same period a year before, benefiting from the opening up of the economy after the end of the first hard lockdown to control the spread of Covid-19.
Cashbuild, which caters for low- to middle-income consumers, said on Thursday that selling price inflation was 7.4% at the end of the June quarter, driven by steel-related product price increases...
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