Essential reading for retailers and suppliers in the home improvement market

Hardware independents fared better than most in Q4

Published: 1 February 2013
DIY and hardware independents' sales slipped in the last quarter of 2012 when compared to 2011 - but they were among the better performers in a generally gloomy picture.
Hardware independents fared better than most in Q4
The latest figures from the British Independent Retailers Association show that six in 10 independents ended up with less in the till than a year before, with only four in 10 gaining. Overall, that equated to a 2.45% year-on-year drop in turnover.

Cards, stationery, crafts and hobbies was the only category covered by the survey to show growth, up 6.36%. But of all the other categories, DIY and hardware shops saw the smallest of the sales slumps, down just 0.49%.

Garden and horticultural machinery dropped 4.71% and pet products 4.67%. Cookshop and housewares independents were down 3.37% but big-ticket furniture, floorcoverings, beds and soft furnishings came off worst, with sales losing 6.55%.

Nevertheless, the figures for Q4 are actually better than in Q3, and also significantly better than those returned by some of the big multiples, says Bira. Part of the background to this is sales volume: while some supermarkets turned in 2%-plus like-for-like growth this was achieved against British Retail Consortium food inflation figures above 4%. Meanwhile, non-food product inflation is negative.

Despite this, those independents surveyed are mostly apprehensive about the year ahead: 55.16% said they were anxious, against 43.65% who were reasonably confident. Only 1.19% were very confident.

Comments


(Your email address will not be published)
1 + 5 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories