News del 24-08-2022

 

 

 

European DIY Retail Association
Global Home Improvement Network


Current Affairs in the Home Improvement Industry
24 August 2022 â— Issue 430

 

 

 

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Still Time to Register for the 2nd Virtual DIY-Summit - VISIONS OF DIY IN THE AGE OF UNCERTAINTY. 


The second edition of the Virtual DIY-Summit will take place on 2 September 2022 from 10:00 - 13:10 CEST

Free registration & the programme in its entirity can be viewed HERE

Topics to be discussed and presented include a Global Political and Economic Outlook, The Future Challenges of the Home Improvement Industry, Sustainability in the Home Improvement Sector, The Future of E-commerce & Overcoming Uncertainty. 

During this event delegates will be able to attend online seminars, interact with each other, share ideas in our social stream, access a directory with the most important decision-makers in our industry & meet the most relevant home improvement retailers, among other benefits.

Join our digital event and be part of the most exclusive network of executive managers in the Home Improvement industry!

www.diysummit.org

 

 

Next Webinar in the EDRA/GHIN Pathway to Net Zero Carbon will take place on the 30th of September. 


The next webinar in the Pathway to Net Zero Carbon will take place on September 30th at 12:00 CEST with a focus on the measurement of Scope 3 Carbon Emissions. 

The Webinar will be opened by Maarten Ramp, Director Quality, Product Compliance & Environmental Social Governance at Maxeda DIY Group. Following this Léo Genin and Tony Jugan from I Care, one of the world's leading consulting companies in the environmental field, will detail the importance of measuring Scope 3 emissions and present I Care's work in this area. 

Register for this next webinar at the below link: 
https://us02web.zoom.us/webinar/register/WN_T239ICuzQi6ZOqE_8w60dA 
 

www.edra-ghin.org

 

 

Germany: Publication of 500th Edition of DIY Magazine. 


Half a thousand, an impressive number: The specialist magazine DIY was published for the 500th time in August 2022. That's almost 45 years of industry history, which has been covered since November 1977 under the yellow and black logo. 

Dähne Verlag thought and pondered on how to should deal with this impressive number, and it quickly became clear: they didn't want a special issue with a look back, but rather a publication with a topical connection for today's players and the challenges of tomorrow. This is how a concept was created that brings together both aspects – raising awareness of the past and deductions for the future.

A free PDF version of this special 500th edition is available in German at www.diyonline.de/500

Congradulations to everyone at Dähne Verlag for this impressive feat!
 

www.diyonline.de

 

USA: Home Depot Announces Second Quarter Results. 


The Home Depot®, the world's largest home improvement retailer, reported sales of $43.8 billion for the second quarter of fiscal 2022, an increase of $2.7 billion, or 6.5 percent from the second quarter of fiscal 2021. Comparable sales for the second quarter of fiscal 2022 increased 5.8 percent, and comparable sales in the U.S. increased 5.4 percent.

Net earnings for the second quarter of fiscal 2022 were $5.2 billion, or $5.05 per diluted share, compared with net earnings of $4.8 billion, or $4.53 per diluted share, in the same period of fiscal 2021, representing an 11.5 percent increase in diluted earnings per share.

“In the second quarter, we delivered the highest quarterly sales and earnings in our company’s history,” said Ted Decker, CEO and president. “Our performance reflects continued strength in demand for home improvement projects. Our team has done a fantastic job serving our customers, while continuing to navigate a challenging and dynamic environment. I would like to thank them and our many partners for their hard work and dedication to our customers.”

 

www.corporate.homedepot.com

 

 

USA: Lowe's Reports Second Quarter 2022 Sales and Earnings Results. 


Lowe's Companies, Inc. (NYSE: LOW) today reported net earnings of $3.0 billion, in line with prior-year results, and diluted earnings per share (EPS) of $4.67 for the quarter ended July 29, 2022, compared to diluted EPS of $4.25 in the second quarter of 2021.

Total sales for the second quarter were $27.5 billion compared to $27.6 billion in the second quarter of 2021, and comparable sales decreased 0.3%. Comparable sales for the U.S. home improvement business increased 0.2% for the second quarter. DIY sales were impacted by the shortened spring and lower demand in certain discretionary categories, which was partially offset by a 13% increase in Pro customer sales.

"I am pleased that our team drove operating margin improvement and effectively managed inventory despite lower-than-expected sales – a clear reflection of our relentless focus on operating discipline and productivity," commented Marvin R. Ellison, Lowe's chairman, president and CEO. "Our results in the first half were disproportionately impacted by our 75% DIY customer mix, which was partially offset by our double-digit Pro growth for the ninth consecutive quarter.  Despite continued macro uncertainty, we remain confident in the long-term strength of the home improvement market and our ability to take share. To help our hourly front-line associates during this period of high inflation, we are awarding an incremental bonus of $55 million. I'd like to thank our associates for their continued hard work and dedication."

www.corporate.lowes.com

 

 

Japan: Cainz Launches First Autonomous Store in Japan. 


On the 1st of September Japanese home improvement retailer, Cainz, will open the "CAINZ Mobile Store," a store that uses digital technology to enable customers to shop without a cash register. The store is located in the first floor lobby of the Cainz headquarters.

Whilst the first store will be limited to Cainz employees, future development will be considered based on the results and feedback received.

The computer vision technology implemented into the store, powered by US-based AiFi, will allow customers to shop for Cainz brand household products and snack items without having to go through a cash register or self-checkout.

In other news, Cainz recently announced that its new HR strategy, DIY HR®, has won a prize in the Corporate HR category of Japan's HR Award 2022.

The DIY HR® consists of five pillars: DIY Career Path®, DIY Learning®, DIY Communication®, DIY Workstyle®, and DIY Well-being®.
 

www.cainz.co.jp
www.diamond-rm.net/homecenter/

 

 

USA: Orgill sees Supply Chain and Pricing Stability Ahead.


Supply-Chain-Management - DefinitionAt Orgill, president and CEO Boyden Moore sees relief for climbing costs through fewer price requests and supply chain improvements. Addressing dealers, vendors, employees, and the media as part of the group’s Fall Buying Event, Moore also introduced a change to next year’s dealer events.

“First of all, we are beginning to see sustained improvement in our supply chain recovery. Demand has moderated from the incredibly high levels that we experienced last year, and many of our vendors have improved their performance to us that has led to this sustained improvement,” Moore said in a video statement. “This has been our number 1 focus and will remain so until we are fully recovered to our traditional standards of service level over 96%. We expect to end the year above 85% and are working with vendors on plans to close the remaining gap during the first half of 2023.”

Another indication of economic stability ahead is the fact that there are fewer price changes from vendors. After experiencing the highest number of price changes in 2021, the company is now seeing much lower numbers of price change requests and within those even seeing some decreasing prices. 
 

www.lbmjournal.com

 

 

Trade Fair: Messe Frankfurt Online Event - "Sustainability meets Design".


On 31. August 2022, starting at 4 p.m., the Online Event "Sustainability meets Design" will be all about circular design, sustainable materials and the question of how sustainability and design belong together. This online event is bring held in anticipation of ChristmasWorld.

The Online Event will provide viewers, as a designer, manufacturer or interested party from the consumer goods industry, with valuable tips and show innovative approaches as well as projects and practical examples.

The expert presentations will be broadcast and recorded in German and English.

Participation is free of charge.
 

www.christmasworld.messefrankfurt.com

 

 

Germany: OBI Launches "We All Speak DIY" Campaign.


The new Obi campaign 'We all speak DIY'Video instructions for DIY projects are in vogue, and not just among the younger generation. The new OBI initiative, "We All Speak DIY", begins translating important yet community-loved online tutorials into relevant languages.

With this initiative, OBI wants to set a lasting sign for the entire industry. The initiative is flanked by a wide-ranging creative campaign with out-of-home elements, digital media and prominent voices such as Motsi Mabuse, Kida Khodr Ramadan, Ilkay Gündogan, Emilija Wellrock and DagiBee.

"We all speak DIY - and that's a good thing," says Christian von Hegel, Director of Corporate Marketing at Obi. "It is a matter close to our hearts to make inspiring doer projects possible for everyone - regardless of origin, age or gender. Language is a key driver for collaboration and creativity, and we at Obi see ourselves as enablers for this.”

www.baumarktmanager.de

 

 

Japan: DCM Initiator in Launch of Disaster Prevention Project. 


Mr. Noshi, the mayor of Matsuyama City, Ehime Prefecture, who signed a business agreement with the DCM, together with 11 companies operating in Matsuyama City, Ehime Prefecture, recently launched the "New Preparedness Support Team". This Executive Committee, in collaboration with industry, government, academia, and the private sector, aims to strengthen local disaster prevention capabilities.

Under the "New Preparedness" program, "New Preparedness Support Teams," will be trained with the knowledge and skills required to prevent disasters. The team will be dispatched to the most vunerable homes in Matsuyama City to help them prepare their homes in the event of a disaster.

In the first year of the program, 100 households in need of support, including the elderly and those unable to leave their homes, will be supported in their disaster preparedness.


www.diamond-rm.net/homecenter/

 

 

 

EDRA/GHIN Members

 

 

 

 

 

 

 

Board of EDRA/GHIN


Sergio Giroldi EDRA/GHIN President and Group CEO

OBI AG, Germany
Thierry Garnier Group CEO Kingfisher, UK
Jean-François Dubost President IHA, World
Murat Gigin Chairman Tekzen, Turkey
Werner de Jager CEO Cashbuild, South Africa
Susanne Jäger Board Member Hornbach, Germany
Carl-Otto Løvenskiold Chairman Løvenskiold-Vækerø AS, Norway
Pascal Malfoy Executive VP FMB/Adeo, France
Jorma Rauhala President, Building and Technical Trade & Deputy CEO

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