DIY Week: High street footfall declines for second month in a row; US retail giant Sears files for bankruptcy

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High street footfall declines for second month in a row

The latest figures from Springboard show retail footfall was down 1.7% on last year in September, with the high street posting a fall of -2.2%, as high-profile retail collapses have made consumers nervous about making big purchases with major high street names.

September’s figures for the five weeks ended September 29 represent a slight acceleration from August’s decline of 1.6%, and Springboard attributed the decline to “the unrelenting pressure on households’ budgets”. Wage growth has remained sluggish, whilst inflation continues to tick upwards, with the BRC-Nielsen Shop Prices recording its second month of inflation in more than five years in September, which has left consumers cautious about their discretionary spending...

Sears files for bankruptcy US retail giant and Kmart parent, Sears Holdings has, today, filed for Chapter 11 bankruptcy protection, as it strives to reorganise the business and become a "more competitive retailer". The decision was reportedly taken when Sears could not meet a $134million repayment due today...
BHETA announces new DIY members and export mission to Romania Bartoline and Cromar are the latest companies to join the British Home Enhancement Trade Association (BHETA), as the organisation also announces a new trade...	Local DIY store announces expansion After 28 years of business, GJ’s has fought back against the high-street demise by carrying out an expansion plan - almost tripling its original size. The...
‘Generation Rent’ would pay £72 more a month if they could decorate Landlords are at risk of missing out on more than £850 in rental income a year by not letting their tenants decorate their homes, with bold statement walls...	Sofology opens its 42nd store in Plymouth Continuing its plans for expansion, Sofology has opened its 42nd store at Gateway Retail Park, Plymouth today.The Plymouth store marks the first South West...
• Nation’s interest in wildlife creates opportunities this winter • September retail sales suffer says BRC • Wilko hit by £65m loss but are "excited for new opportunities" • Wyevale Garden Centres sells five of its largest garden centres to Dobbies

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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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