Retail Detail... and Luxury (Kingfisher 1Q sales, UK shop price inflation, US spending squeeze)

Research evidence excerpt

Retail Detail... and Luxury (Kingfisher 1Q sales, UK shop price inflation, US spending squeeze)

Equity Research

26 May 2026

Retail Detail... and Luxury

Daily Retail and Luxury News (26

May 2026)

Kingfisher 1Q sales, UK shop price inflation, US spending UK Mid & Small Cap Leisure/Consumer

squeeze NEUTRAL

European Food Retail

NEUTRAL

European General Retail

Morning's key headlines (more stories below) NEUTRALEMEA Internet

Retail: POSITIVE

• **BARCLAYS RESEARCH: Kingfisher - Screwfix strength, Casto self-help, seasonal European Luxury Goods & Specialty Retail

NEUTRAL drag - FY outlook reiterated**

• UK shop price inflation accelerates while food inflation slows. European Food Retail

• Polish retail sales trends decline in April with adverse weather and earlier Easter Matthew Clements

timing. +44 (0)20 7773 6018

• Prospective spending squeeze in US as refunds fade. matthew.clements@barclays.com

• Morrison looking to sell Myton products to peers. Barclays, UK

Imogen Doyle

Luxury: +44 (0)20 7773 2605

• **BARCLAYS RESEARCH: Richemont Beyond the print**. imogen.doyle@barclays.com

• Hermès reopens expanded Osaka boutique. Barclays, UK

• Luxury watch buyers shift to lower-profile models. European Luxury Goods & Specialty

• Hong Kong jewellery auctions remain resilient. Retail

• Louis Vuitton stages Cruise 2027 show in New York. Viktoria Petrova

+49 (0)69 7161 1052

viktoria.petrova@barclays.com

BBI, Frankfurt

Carole Madjo

Barclays upcoming events +44 (0)20 3134 3168 carole.madjo@barclays.com

**CORPORATE ACCESS: Barclays: Channel check with UK grocery expert (23 June Barclays, UK

2026)** Please join Karine Elias (Credit Research) and Matt Clements (Equity Filippo Croce

Research) on Tuesday, 23 June, as they host Steve Dresser, CEO at Grocery Insight, for +44 (0)20 3555 2994