Clas Ohlson grows by 6 per cent, online by 9 per cent
The Swedish chain Clas Ohlson increased its sales by 6 per cent to SEK 8.784 bn (EUR 836 mio) in the past financial year 2021/2022 (May 2021 to April 2022). The company reports organic growth of 4 per cent. …
First Quarter
German DIY markets now strongly in the black after lockdown in 2021
DIY stores in Germany achieved sales of EUR 4.91 bn in the first quarter of 2022. This is 42.2 per cent more …
Weight of Covid-19
Ace Indonesia starts 2022 with sales downturn
Home improvement retailer Ace Indonesia saw a fresh dip in its financial performance as the company continues to bear the weight of …
innovation in retail and home improvement
Home Depot announces USD 150 mio. fund for start up investment
Home Depot has announced a USD 150 million venture capital fund created to identify, fund and partner with …
Sustainability strategy recognised
Lowe’s Canada receives Merkur award
The DIY store operator Lowe’s Canada was awarded the Merkur prize in the category Strategy for Sustainable Development at the 2022 Gala Les …
Southeast Asia
Global posts double digit growth for Q1
Thailand-based home improvement retailer Siam Global House Public Co. Ltd grew its net sales by 11 per cent in the first quarter of 2022 …
Travis Perkins
Toolstation sales down 6 per cent in first quarter
Toolstation stores' sales in the first quarter were 6.0 per cent lower than in the same period last year. This was announced by …
Philippines
Philippines' Wilcon starts strong with 14.6 per cent rise in sales
Wilcon Depot Inc., the Philippines' largest home improvement retailer, started the year strong with a 14.6 per …
Ukraine war
PEFC: Wood from Russia and Belarus is considered conflict wood
In the future, all wood from Russia and Belarus will be regarded as so-called "conflict wood" and therefore cannot be…
Obi headquarters distances itself
Russian Obi store reopens in Moscow, all others to follow
A former Obi store has reopened in Moscow. The reopening of the other former Russian Obi stores is also announced on the …
Austria
Zgonc renounces capital "Z" because of Ukraine war
The Austrian trading company Zgonc renounces its logo, a capital "Z", the first letter of its name, in its online advertising …
“Shopping and Payback”
HomePro benefits from government stimulus programme
Thai home improvement retailer HomePro has reported an increase in sales for the first quarter of 2022. Sales revenue increased …
Rural lifestyle retailer
Tractor Supply's net sales increase by 8.3 per cent in the first quarter
US retailer Tractor Supply increased its net sales for the first quarter of 2022 (ending 26 March) by 8.3 …
Acquisitions driving growth
Byggmax grows by 14.4 per cent overall, 1.6 per cent in Sweden
In the first quarter of the current year, the Swedish DIY group Byggmax turned over SEK 1.271 bn (EUR 124 mio), 14.4 …
New CIO: Fahim Siddiqui
The Home Depot names Matt Carey EVP of customer experience
The Home Depot has named Matt Carey executive vice president (EVP) of customer experience. In this newly formed role, he …