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 economic downturn, which has sent ripples through the industry over the past five years. 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 2014-15, revenue is expected to decline at a compound annual rate of 0.8% to £10 billion... purchase to read more
Industry Report - Industry Locations Chapter
As with most retail industries, the location of establishments is broadly in line with population distribution. In theory, the greater the population in a particular region, the higher the demand and the greater the need for establishments. The Hardware and Home Improvement Stores industry is no exception.
London and the South East
According to the Office for National Statistics, the South East has the highest proportion both of population and of industry establishments (14.4%). Counties in this region, such as Surrey and Hampshire, have above-average levels of disposable income, which boosts the revenue generated in the area... purchase to read more