DIY Week.net
Essential reading for retailers and suppliers in the home improvement market
DIY Week Awards 2012
Check out the winners


News

Published on 14 - May - 2012
 
Independent DIY stores see like-for-like sales up 3.34% in Q1
DIY and hardware selling members of the British Independent Retailers Association (BIRA) reported Q1 2012 sales were up by over 3% on Q1 2011, bettering the Q4 2011's +2.9% figure.

In its quarterly sales monitor for the period ending March 31, 2012, BIRA highlighted the positive contrast to retail giant B&Q's recent sales drop. Cookshop and housewares fared significantly worse, however, down 1.9% on last year and failing to carry through the sector's strong pre-Christmas jump of 5.9%.

It was a stunning result for BIRA's garden and horticultural machinery retailers, with a 12.45% growth on the previous quarter, up 6.65% on last year. Pet products enjoyed a more modest growth, with LfL sales up 0.84% on last year.

Big ticket items including furniture, floor coverings and beds were up 8.60% on last year, a rate of growth second only to cards, stationary, crafts and hobbies (+26.48%).

The overall picture was a happy one for the association, marking its second positive quarter in a row and highest quarterly increase since the survey began in 2007. The survey represented nearly 200 businesses, and more than half reported that they were now feeling confident about the times ahead.

BIRA's deputy chief executive Michael Weedon said: "The independent sector never ceases to amaze. While the number of shops n towns run by multiples fell last year, the number of independents grew - and by more than the drop in multiples.

"Now, as the ONS announces that recession has returned, with two quarters of negative growth, independents produce two quarters of positive growth. This is important: if the government really wants to nurture our towns and for retail to produce jobs and growth then the answer is right here, with the independents."

He added: "It is really good to see that the Optimism/pessimism index has also ticked up, with over 56% of retailers now optimistic about the year ahead, of which approaching 5% describe themselves unequivocally 'very confident' about the prospects for trade."



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 2012. 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.