Essential reading for retailers and suppliers in the home improvement market

Consumers spent 11% more in DIY stores in February

Published: 10 March 2014
Data released by Barclaycard reveals that consumers spent 11% more in DIY stores in February compared with last year.
Consumers spent 11% more in DIY stores in February
The figures, which cover January 26 to February 22, also show that out of 11 categories, DIY enjoyed the highest spend.

According to Barclaycard, this two-year high in DIY spend is due to the current booming house market.

In general, consumer spending in February was flat, rising just 2%. The data also showed that the high street is struggling to compete against rising online sales, which grew 8.6% on last year.

Barclaycard's ceo Val Soranno Keating said: "The positive noises on the economy and unemployment have yet to drive significant increases in consumer spend. While consumers feel more confident than they have for several years, the upswing in spending growth that we saw in the middle of last year has slowed as pay packets are not matching the performance of the wider economy. Until we see stronger wage growth, spending will likely continue to be muted."

Comments


(Your email address will not be published)
9 + 9 =  
Already Registered?
Sign In
Not Yet Registered?
Register
Printable View E-mail Bookmark
*

Latest reader comments

re: Latest update on Green Homes Grant and implications for homeowners and landlords

John Hart
After applying for a green homes how long will it take for a decision? thanks...

re: SX Rainproof Exterior Caulk

Wally
I need the exterior sx rain resistant caulk! Can't get it anywhere so please help! How can I order it? Need it yesterday...

re: BCT can replicate any material in a ceramic tile

Christina Tiritanou
Not sure if you can help as I require a tile which has the measurements of 6”x 6”? Thank you....

re: Latest update on Green Homes Grant and implications for homeowners and landlords

colin thompson
SarahVery clear and helpful information.Thanks...

Most read stories