DIY Week.net
Essential reading for retailers and suppliers in the home improvement market
DIY Week Awards 2015
Entry is now open...


News

Published on 26 - February - 2010
 
Best sales on high street for more than two years but DIY still struggles
February exceeds expectations with homewares and furniture up, while sales volumes of hardware and DIY continue to fall.

Best sales on high street for more than two years but DIY still struggles

The UK high street outperformed its expectations of a flat first half to February by reporting the strongest growth in sales volumes in more than two years.

The CBI's latest Distributive Trades Survey revealed that 46% of retailers experienced an increase in sales volumes, while 23% said they were lower. The resulting balance of 23% is a clear improvement on -8% seen in January.

According to the CBI's figures, retailers of durable household goods, and furniture and carpets posted robust growth after sales falls in January. However, sales in the hardware, china and DIY sector continued to fall.

A balance of 16% of retailers expect further growth next month, compared with March last year.

The fall in employment also eased for a second consecutive quarter, with a balance of 16% of firms reporting that they plan to cut headcount, with a broadly similar fall expected in March.

Chairman of the CBI Distributive Trades Panel and Asda ceo Andy Clarke commented: "Sales have been stronger this month than many retailers predicted they would be, but that's not surprising as January was impacted by VAT changes and forward buys in December.

Retailers don't think February's growth spurt will be matched in March, but the sector can take some reassurance that job losses are easing off and capital expenditure plans are stabilising."

He added: "While retailers see some growth ahead, the road to recovery through 2010 is likely to be fragile. Worries about the economy and upcoming pay freezes are likely to ensure that shoppers remain cautious."


Comment Leave a comment Email Send to a friend   Print Printable version   Print Link to this story

Make a comment?
Your name
Subject

Inform me of responses to this comment

This Is CAPTCHA Image
Enter number above (anti-spam)



DIYWeek.net does not edit comments which are submitted directly by our users to express their own views. Please report abuse of our comment system here.




© Datateam Business Media Limited 2010. DIY Week.net news articles may be copied or forwarded for individual use only. No other reproduction or distribution is permitted without prior written consent.


Click here to receive the diyweek.net weekly newsletter


Datateam Business Media Limited
15A London Road, Maidstone, Kent ME16 8LY. United Kingdom
T: +44 (0)1622 687031
F: +44 (0)1622 687031

Cookies
We use cookies to make this site as useful as possible. They are small text files we put in your browser to track and assist usage of our site but, with the exception of cookies that help you log in, they don't tell us who you are.
You can control cookies in your browser settings. If you use our site it implies that you consent to our cookie usage. To find out more about how we use cookies and how you can control them, click here to see our cookie policy.