In the DIY world, old certainties are vanishing. Russia, for example, which has previously delivered reliable double-digit growth rates, now has to contend with a downturn in the sector.
In western Europe, names that have been associated with the industry for decades are sinking without trace too. The Austrian market leader, Baumax, which was also active in the CEE states, has now gone. In Great Britain, the Homebase brand will soon be a thing of the past too, because the number two in the British market has been acquired by the Australian retail group Bunnings and will be rebadged with the brand of the new owner.
This means that the times could scarcely be better for a sector that now devotes itself more to home improvement than do it yourself. How reassuring: the general feeling of insecurity that people are experiencing is driving the customers back into the stores in droves.
Not happening? That might have something to do with the fact that the industry is too self-absorbed and is itself seeking orientation in the “disruptive world”. The number of delegates at the Global DIY Summit, a figure which is increasing year by year, is proof of this.That’s the good news, however: despite being in competition with one another, the players in the DIY and garden sector are discussing solutions and seeking security…