Kingfisher, the world’s third biggest home improvements retailer behind US groups Lowe’s Cos and industry leader Home Depot, said like-for-like sales in China jumped 29.2 percent in the fourth quarter.
That reversed a big fall in the same period the year before and could raise hopes a radical restructuring of the business there, which has included closing shops and trialling new store formats, could return it to profitability after heavy losses.