Gardening set to bloom as DIY slumps
Published: 03 February, 2012
DUBLIN: The DIY market is set to remain "challenging" with more cautious shoppers shying away from big ticket purchases, according to a new report, "UK Annual Forecasts 2010-15: DIY & Gardening" from Research and Markets.
The UK DIY & gardening market has endured a tough 2011 with a stagnant housing market but there has been more resilient performance from gardening, it says.
The report examines the prospects for the market over the next five years to 2015, analysing issues such as the impact of the economy, as well as the performances of both specialists and non-specialists.
"Independents will find the going very tough throughout the forecast period as it comes under threat from a range of competitors. As well as the larger superstores, which can offer lower prices and deeper ranges, greater threat from non-specialists like the grocers and general merchandisers with more central locations and longer opening hours," the report says.
"Sales densities among specialists will return to growth in 2011 and remain positive throughout the forecast period. This is largely due to the slower space expansion caused by the collapse of Focus and other weaker independents and Wickes reducing its space by 1.4m sq ft. This growth is boosted later in the period by the more buoyant market," it says.