B&Q holder Kingfisher has recorded a dip in the sales figures and swayed a caution warning attitude for consumer expenditure.

The likely sales, that which was not taken into account were the sales from new stores, dwindled by 4.4% in the last 10 weeks to 10 July in the UK and Ireland.

The plummet has mirrored lesser endorsements and limp demand for the big price tag items expressed by the company.

The overall group sales dwindled by 0.8% due to augmented earnings from global stores, especially in France.

According to Ian Cheshire, Kingfisher's chief executive this is something which he can term as a sturdy presentation which in a vague atmosphere for the customers right around Europe. The consumer expenditures stay under pressure, especially in the UK.

However the group is still humming a cautious note regarding the viewpoint for consumer expenditure, and the group is all boosted up with poise that the robustness of the group entails them well positioned to move on with the good growth over the rest of the year.