Essential reading for retailers and suppliers in the home improvement market

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High percentage of consumers make unplanned purchases at discount stores

In a recent survey, 75% of consumers said they had made an unexpected impulse purchase including tools and kitchen products - when shopping at a discount retailer.  Retail consultancy Newton, which published the research conducted across 2,000 UK ... 
10 August 2017

Homewares sales make a comeback in July

While the non-food category saw declines during the four-week period, homeware retailers were a “success story”, says the British Retail Consortium in its latest retail sales monitor. Figures reported in the BRC-KPMG Retail Sales Monitor for the four ... 
10 August 2017

Physical stores drive online growth

New research revealing a symbiotic relationship between a brand’s physical stores and its ecommerce platform has been published by British Land.Using data from Connexity Hitwise, the research, shows that when a new store opens, traffic to the ... 
9 August 2017

Travis Perkins wins military recruitment award

Travis Perkins has been recognised for their work supporting the Armed Forces with a Defence Employer Recognition Scheme (ERS) Silver award. The accolade is awarded to companies that are making a demonstrable effort to support, recruit and develop ... 
9 August 2017

DFS acquires Sofology

Furniture retailer DFS has exchanged contracts to acquire Sofology for an initial enterprise value of £25m on a debt-free, cash-free basis payable upon completion. In addition, further payments could be made approximately 12 months following ... 
7 August 2017

Further decline in consumer spend on household goods

Visa's UK CSI data signalled a further decline in household expenditure at the start of the third quarter. Compared to the same month a year ago, spending fell -0.8% in July which was slightly faster than seen in June (-0.2%). Moreover, spending has ... 
7 August 2017

Tesco scraps 5p carrier bags in favour of ‘Bag for Life’

Tesco has today announced that from August 28, it will no longer make single-use carrier bags available to customers, replacing them instead with a new 10p ‘Bag for Life’ made from 94% recycled plastic. The announcement follows a successful 10-week ... 
7 August 2017

Australian housewares chain sets its sights on UK

Australian housewares chain House, which is owned by Global Retail Brands, is preparing to move into the UK market next year. Global Retail Brands aims to open its first tranche of House stores by April 2018, with a total of 75 stores planned within ... 
7 August 2017

Further disruption to Argos distribution network, as workers gear up to strike

Argos customers could see a delay of three weeks for their orders, as more than 1,000 warehouse staff get set to strike over an ongoing redundancy payments row. The UK catalogue retailer is faced with three weeks of strikes across its distribution ... 
4 August 2017

B&M targets convenience sector with acquisition

B&M has announced a takeover of Heron Foods, a discount convenience retailer operating predominantly in the North of England with 251 storesThe deal was done by B&M’s subsidiary, EV Retail Limited, for £152 million, including the debt ... 
3 August 2017

ASA agrees Oak Furnitureland’s claims are solid

The Advertising Standards Authority (ASA) has revoked its decision to ban Oak Furnitureland from using its ‘100% solid hardwood’ and ‘no veneer in ’ere’ phrasing in advertising.The decision comes after a 12-month independent review of the case ... 
2 August 2017

Travis Perkins reports revenue up, profits down

Travis Perkins has reported a rise in revenue but reduced profits for the first half of its financial year.The company said its revenue grew by 3.5%to £3.2bn for the six months to June 30 while pre-tax profits fell by 4.5% to £168m. Adjusted ... 
2 August 2017

John Lewis again reports increase in home sales

John Lewis has reported home sales were up 7.7% for week ending July 29, 2017 on the same week last year. The company said customers were investing in their bedrooms with sales in bed linen up 19.2% and beds and bedroom up 17.5%, driven by the last ... 
1 August 2017

Poundland launches its first summer sale

Poundland has launched its first summer sale, cutting the price of thousands of product lines to 50p.At the start of the year the company said said it would continue to sell the majority of items at a £1 but would introduce added value with simple ... 
1 August 2017

Retailers must embrace contactless payment, according to Barclaycard study

The continued surge of ‘touch and go’ payments is set to save UK shoppers 141 million hours, worth almost a billion pounds in time, by 2021 according to a new study from Barclaycard.Ahead of the 10th anniversary of contactless payments next month, ... 
1 August 2017

wilko continues to invest in own brands and online shopping

wilko reported a year of solid growth with sales of £1,513 million for 2016/17 (£1,464 million 2015/16) representing growth of 3%. This performance reflects the investment in infrastructure, growing demand for own brand products, convenience for ... 
31 July 2017

Material prices are soaring says FMB

One third of small building firms report that soaring material prices are squeezing their margins and almost a quarter have found it necessary to pass these increases onto consumers, according to the latest research by the Federation of Master ... 
31 July 2017

Wickes ups appeal to trade with new loyalty scheme

The home improvement retailer has launched a new loyalty programme exclusively for its trade customers – called Wickes TradePro – offering 10% off purchases in-store or online throughout the year, with no minimum spend.The scheme has been created to ... 
28 July 2017

Flooring Republic set for “monster growth” in UK

The Chinese-owned flooring retailer has set out a manifesto to become the biggest player in the UK flooring market by the end of 2018, with plans to grow its store portfolio from 21 to 80. "Massive investment, major impact and monster growth” are set ... 
27 July 2017

Positive H1 for Akzo as it commits to growth strategy

Dulux parent, Akzo Nobel has reported a 3% uplift in sales within its Decorative Paints business for H1, despite the weak pound and poor consumer confidence in the UK, and adds that it is making “strong progress” on its strategy to grow and add ... 
26 July 2017
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