Industry Analysis & Industry Trends
Operators in the Hardware and Home Improvement industry sell DIY equipment, building materials, outdoor and garden equipment and other hardware products. The 2008 housing market crash sent the industry into disarray because fewer houses were bought, sold and built. This was then aggravated by the sustained economic recession, which significantly affected disposable income and industry revenue. Sales of expensive items such as bathroom and kitchen fittings were particularly affected because consumers put major renovations on hold. This change in economic conditions and consumer behaviour dampened operators' performance.
Over the five years through 2013-14, revenue is expected to decline at a compound annual rate of 0.9% to £9.4 billion... purchase to read more
Industry Report - Industry Analysis Chapter
The Hardware and Home Improvement Stores industry struggled to cope in the aftermath of the 2008 housing market crash. In addition, poor economic conditions, which have brought about a considerable dip in disposable income, forced consumers to cut back on their discretionary purchases. Confidence also took a hit because consumers became more concerned about rising inflation and escalating utility prices. Major home renovations were put on hold and sales of expensive items like kitchen and bathroom fittings bore the brunt of the downturn as consumers chose to make do with what they had... purchase to read more