News | Covid-19 pandemic


Home improvement retail grows in the USA

Sales by home improvement retailers in the USA are growing, in contrast to the general trend of declining retail sales. In March, sales at building material, garden equipment and supplies dealers rose by 1.3 per cent compared to February according to reports by the Hardware Retailing magazine with reference to the US Department of Commerce. In contrast, the retail trade (excluding food service) lost a total of 6.2 per cent in sales from February to March. That is significantly more than during the previously strongest decline in November 2008 when the industry forfeited 3.9 per cent.

There are currently no further official figures or details from companies in the home improvement industry, however industry observers assume that in the past few weeks, hardware stores had excellent sales, especially in product categories such as lawn and garden, cleaning supplies and paint. This has also been confirmed by non-representative surveys of hardware retailers who are reporting double-digit percentage growth.

|28 April 2020 | 11:32


Post a comment

* Please complete the areas marked in red correctly and in full!.

(will not be published)

* obligatory fields

Latest news

Congratulations go out to John Herbert from around the world on his 80th birthday

Congratulations to John Herbert, literally from all over the world: the general secretary of the international DIY trade association Edra/Ghin View news...

Wickes achieves sales growth of nearly 20 per cent in the first quarter

The British DIY chain Wickes realised sales growth of 18.9 per cent in the first quarter of 2021. Like-for-like sales grew by 19.7 per cent, whilst View news...

German associations warn of rising prices in DIY and garden sector

The accident involving the containership "Ever Given" and the associated blockade of the Suez Canal have exacerbated a development that View news...

Late sales pickup fail to lift Wilcon’s 2020 take

A belated pickup in sales failed to lift Wilcon Depot's financial results in a year characterized by constraints in public mobility and a pandemic. View news...