DIY Week: DIY prices on the up; House of Fraser to close more stores over rent wrangle

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DIY prices on the up

After weeks of unseasonable discounting and, following news that the CPI inflation rate remained unchanged in October, prices of DIY products have shot up 36% since last week, whilst discounts have also become watered down.According to data supplied exclusively to DIY Week by Lovethesales.com, prices of DIY products have increased more than a third since last Tuesday, up 154% year on year. Meanwhile, discounts on lines have simultaneously dropped from deals offering ‘42% off’ to just ‘16% off’.Prices remain fairly stagnant on garden products, however, the number of discounts on offer has fallen 58%f since the beginning of November, with suggestions retailers may be removing discounts ahead of Black Friday next week.Within home categories, prices have remained consistent in November so far, although just like in garden, retailers have removed thousands of homeware discounts in the past week. Lovethesales.com recorded that retailers increased the number of offers towards the end of...

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• Capital Gardens unveils first changes at Studley Green • CPI inflation remains unchanged at 2.4% • Tong Garden Centre wins Elite Business of the Year • Sales up at Woodie’s DIY • Nearly half of UK consumers plan to buy from Amazon this Black Friday • Shoppers stay home in October but watch and wait for deals

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