DIY Week: Disappointing figures, as heatwave and World Cup keep shoppers away; Akzo reports loss of revenue in Q2

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Disappointing figures, as heatwave and World Cup keep shoppers away

Non-food sales suffered in June, according to the latest ONS Retail Sales Index (RSI), falling 0.6% in volume terms, whilst online reported some uplifts.The Office for National Statistics (ONS) reported that retail sales in June grew 2.9% on an annual basis – a figure that fell short of economists' forecasts of 3.9%. The RSI revealed that month-on-month growth turned negative, with sales declining 0.5% between May and June.During June, both the amount spent and quantity bought showed a negative contribution to growth at 0.3% 0.5% respectively.Non-food stores had a tough time and provided the largest downwards contribution on the month for both the amount spent and quantity bought, at 0.4% and -0.6% respectively. Feedback from retailers suggest that footfall in these sectors was affected by the warm weather and the World Cup celebrations.Commenting on the sales figures, ONS senior statistician Rhian Murphy said: “Retail sales grew strongly across the three months to June 2018 as the...

Akzo reports loss of revenue in Q2 Akzo Nobel has announced its operating income fell 23% to 225 million euros (£199.92 million), however Decorative Paints return on sales1 up at 12.2% (2017:...	Valspar partners with B&Q and Screwfix to offer exclusive trade range Valspar Trade has announced it is launching a range of new trade products aimed at professional decorators with the two major retailers nationwide.The...
£1billion VAT bombshell for building supplies A £1billion VAT bombshell will hit building supplies to the UK if builders merchants are forced to pay 20% VAT upfront on European timber and other...	Bradfords Building Supplies posts 19% sales jump The merchant group says it is reaping the rewards of expansion, with turnover set to pass £150million in FY2018/19.Bradfords Building Supplies (BBS)...
• Stax registers as private company • Winners announced for GIMA Awards 2018 • GCA to host international congress • Stax acquires Groundsman from Harris • B&M posts 8.3% sales jump in Q1

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Editorial Fiona Garcia fgarcia@datateam.co.uk Tel: +44 [0]1622 699161	Advertising Sallie Payne spayne@datateam.co.uk Tel: +44 [0]1622 699151

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s that offer great value for money.There are over 80 products across the three ranges, attractively designed and packaged to appeal to DIY customers and complement retailer’s existing DIY offer, says the company. Brushes are developed...

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Hafod Hardware takes home Marketing Initiative award at DIY Week Awards 2018

The best of the home improvement and garden industry gathered at the Park Plaza Victoria Hotel in London on Friday, May 11 to recognise excellence across the breadth of the market, from forward-thinking companies to innovative products and...

Contacts
Editorial Fiona Garcia fgarcia@datateam.co.uk Tel: +44 [0]1622 699161	Advertising Sallie Payne spayne@datateam.co.uk Tel: +44 [0]1622 699151

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