Will Amazon capitalise on Bunnings debacle?
Reports surfaced last week that one of the world’s largest online retailers could be set to take advantage of the Bunnings UK and Ireland fiasco. Since Bunnings withdrew from the UK market and sold Homebase for a nominal £1, the new owners – Hilco Capital – unveiled plans to close a quarter of its stores. […]
DIY industry still sceptical on shift from bricks & mortar to online retail
A failure to address online retail may be seen as one of the reasons that Bunnings spectacularly failed in the UK and Ireland, but the broader global DIY industry remains dubious about the shift from bricks and mortar to online, according to this year’s delegates at the Global DIY Summit. 21% of the total delegates […]
HMV rescuer buys Homebase & Bunnings UK & Ireland… for £1
Bunnings’ 24 UK and Ireland pilot stores will swiftly be converted back into Homebase stores following Wesfarmers withdrawal from the UK and Irish market. The Australian DIY giant has washed its hands of the struggling UK & Irish businesses for a nominal fee – widely reported as £1. Hilco Capital – which bought the ailing […]
Bunnings opens north of the Watford Gap
The effects of one of the biggest shake ups to the UK DIY market in recent years have at last been felt in the north of England, with Bunnings’ first two stores opening north of the Watford Gap. Rotherham now has a Bunnings store, with Rochdale next in line following a programme of openings that […]
BHETA comment: Is it DIY, upcycling or home improvement?
DIY, home improvement, repurposing, upcycling…Paul Grinsell, BHETA’s Home Enhancement Director, discusses how new markets are not just to be found overseas… The DIY market has long been a target for suppliers of tools as well as all the many associated consumables. So, it is good news that 60% of delegates at this year’s Global DIY Summit declared themselves positive […]
Bunnings opens 2nd UK warehouse ahead of Easter weekend
The UK’s second Bunnings Warehouse store opened yesterday (12 April) on Hatfield Road, St Albans, Hertfordshire. The 40,000 sqft store stocks more than 24,000 home improvement and garden products. Over 50 new jobs have been created, in addition to the 30 new positions at the first Bunnings Warehouse in Griffiths Way, in the same city. The […]
The Global DIY Market is now worth $563 billion
In 2015, the DIY/home improvement world market turnover reached €538 billion ($563 billion), an increase of 3% compared to 2014. The statistic is one of many from the latest fediyma (European Federation of DIY Manufacturers) ‘Global Home Improvement Report’, which reveals that the bulk of the DIY global market is concentrated on just two continents. […]
Tool and DIY brands plan to profit from Black Friday
Brands and retailers are planning to capitalise on the Black Friday phenomenon with week-long offers and special deals. The likes of Multi Tool Store, EH Smith Builders Merchants, FFX, Ox Tools, Screwfix and many more are hoping to cash in on the phenomenon, which has evolved into a longer sales period in the UK. According […]
DIY shares fall following Brexit vote
The UK’s vote to leave the European Union has knocked share prices for big names in the DIY and tool markets on the London Stock Exchange. B&Q and Screwfix owner Kingfisher has seen its share price drop from 365p on Thursday afternoon to 311p on Friday morning. The price recovered slightly by the close of […]