News del 16-11-2022

 

 

 

European DIY Retail Association
Global Home Improvement Network


Current Affairs in the Home Improvement Industry
16 November 2022 â—Ź Issue 435

 

 

 

 

USA: Home Depot Posts Better-than-expected Quarter Despite Inflation. 


Home Depot reported Tuesday its third-quarter revenue increased about 6% to nearly $38.9 billion, beating analyst expectations, as the retailer continued to beckon customers despite rising costs and macroeconomic pressures. 

Both its professional and do-it-yourself sales saw positive growth during the period, the retailer’s management said on a call with investors, adding professionals say their backlogs remain strong.

"We delivered another solid performance in the third quarter, driven by strength in project-related categories across the business," said Ted Decker, chair, president and CEO. "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.ir.homedepot.com
www.cnbc.com

 

 

Canada: Lowe’s Sells its Canadian Division to U.S.-based Private Equity Firm. 


Lowe’s Cos. has entered into a “definitive agreement” to sell its Canadian retail businesses to Sycamore Partners, a private equity firm based in New York.

The price was “$400 million in cash and performance-based deferred considerations,” according to the release. (figures are in USD.) For that, Sycamore acquires some 450 stores that include 70 Lowe’s big boxes in Canada; about 150-corporate owned RONA stores; the wholesale supply business of another 210 independent RONA stores; plus Reno-Depot’s 20 corporate stores, in addition to Dick’s Lumber.

Lowe’s Companies had acquired the vast majority of these stores on May 20, 2016, for US$2.4 billion, at the time valued at CDN$3.2 billion.

“The sale of our Canadian retail business is an important step toward simplifying the Lowe’s business model. While this business represents approximately 7 percent of our full year 2022 sales outlook, it also represents 60 basis points of dilution on our full year 2022 operating margin outlook,” said Marvin R. Ellison, Lowe’s chairman, president and CEO.

Sycamore Partners, based in New York City, specializes in retail and consumer businesses. Other holdings include Staples, Ann Taylor, Talbots, Dollar Express, and Aeropostale.

In a note to Canadian vendors, Lowe’s Canada president Tony Cioffi expressed his support for the deal saying, “We look forward to teaming up with Sycamore, with its in-depth knowledge of, and appreciation for, the Canadian market through its ownership of Staples Canada/Bureau en gros.”

Sycamore Partners’ managing director Stefan Kaluzny, said: “We are honoured to partner with Lowe’s to establish Lowe’s Canada and RONA as a standalone company headquartered in Boucherville, Quebec.… We look forward to working with the company’s management team to build on its 83-year history as a leading Canadian home improvement business.”
 

www.hardlines.ca/

 

 

Spain: Bricomart Becomes Obramat. 


In a letter to suppliers, the managing director Antonio Bullido communicated the change of name of the brand. After Italy, Spain also motivates the decision "as the result of a natural evolution of the company to be more consistent with our strategic positioning in the renovation and construction market".

Obramat (Bricomart), a brand of the Adeo group , has been present in Spain since 2005 and in 2006 it opened its first store, reaching the current total of 28, with an average sales area of
​​8,000 m2.

Also in his communication , Bullido underlines the evolution of the company which: “has been truly extraordinary and places us in the ideal moment to face this change of name which will allow us to continue to grow in the professional market sector ”.

The goal is to continue offering the latest building trends , with a wide variety of products from market leading brands, particularly oriented towards freelancers, small and medium-sized enterprises, plumbers, electricians, painters, carpenters and builders.

www.diyandgarden.com

 

 

Japan: DCM Open New Urban Store - DIY Place. 


In Japan DCM's new urban business model, DCM DIY place, opened on the 8th of November 2022.

The store offers a hands-on shopping experience with DIY ideas and products that solve everyday problems that are unique to urban residents, and also allows customers to actually try these solutions out in the shop.

In addition, DCM's first 'DIY concierge', a employee who specialises in consultation, will be available to help customers with any problems or DIY needs they may have.

Find out more in a store guide video (in Japanese but with the option of autotranslated captions) here https://www.youtube.com/watch
 

www.dcm-hldgs.co.jp

 

 

Trade Fairs: Ambiente, Christmasworld and Creativeworld in Frankfurt.  


Finally enjoy selection again, discover products live! Look forward to meetings, conversations and opportunities. More than ever, Frankfurt 2023 will be the home of the global consumer goods market and industry. This is because three leading trade fairs will be taking place at the same time and impress you with a structured overview of the diverse range of international exhibitors. Welcome to Ambiente  and Christmasworld from 3 to 7 February 2023 and Creativeworld from 4 to 7 February 2023 at the Frankfurt Exhibition Centre.
 
A limitless variety of ideas awaits you. New structures will enable you to find your way around quickly. At Ambiente, Dining, Living and Giving will be supplemented from 2023 by the Working section, which is all about the writing desk at home and office. Christmasworld will provide you with seasonal eye-catchers and festive decorations for the most beautiful and best-selling time of the year. And Creativeworld reflects the ongoing DIY boom with its product range.

Find out more about the exciting supporting programme of the three leading trade fairs. The event calendars are now online: ambiente.messefrankfurt.com/events, christmasworld.messefrankfurt.com/events, creativeworld.messefrankfurt.com/events
 

www.edra-ghin.org/trade-fairs

 

 

Japan: Kohnan Announces 'Partnership Building Declaration'. 


Kohnan has announced a 'Partnership Building Declaration' in support of the aims of the 'Partnership Building Council for the Future'. 

The declaration commits to "coexistence and co-prosperity throughout the supply chain and new partnerships that transcend size, affiliation, etc.' and 'compliance with the Promotion Standards'. The company also established the Kohnan Action Guidelines, which clearly state that it will carry out honest and fair corporate activities with an emphasis on corporate ethics and compliance.  

The Council for the Promotion of Building Partnerships for the Future was established in 2020 within the Japanese Cabinet Office to promote discussions between large enterprises and small and medium-sized enterprises, and to promote initiatives such as improving productivity throughout the supply chain, in order to build a sustainable relationship where large enterprises and SMEs can grow together.
 

www.diamond-rm.net/homecenter/

 

 

Trade Fair: Gearing up for The National Hardware Show in Las Vegas at the end of January. 


Experience the reimagined National Hardware Show from January 31st to February 2nd! Reconnect with colleagues and peers from all over the world at the one event that unites the industry. Home centers, independent retailers, online retailers, wholesalers, distributors, and everyone in between attend NHS to discover the newest products, innovations and trends that are shaping the future of the home improvement and DIY industry.

In 2023 NHS will partner with  NAHB International Builders’ Show® (IBS) and NKBA’s Kitchen & Bath Industry Show® (KBIS) at Design & Construction Week® at the Las Vegas Convention Center to offer even more buying, selling and networking opportunities to the Hardware and Home Improvement community. The NHS badge  can be used to enter any of the three shows.
 

www.nationalhardwareshow.com

 

 

Germany: ManoMano Launches its Professional Service. 


ManoMano, the pan-European online marketplace for DIY, construction and gardening, is now launching its B2B service ManoManoPro in Germany. This professional platform was developed specifically for tradespeople. ManoManoPro was first launched in France in 2019. There, one in four builders has already signed up for it. This was followed by Spain and Italy the following year and the UK in April 2022. The B2B service is available to all sectors. Target groups are, for example, carpenters, electricians, painters, plumbers, farmers, restaurant owners, hoteliers, car repair shops or even building owners.

The platform and the app are designed to offer tradespeople an optimum purchasing process that combines products and services tailored to the target group. Customers have access to an assortment of more than three million products. The sellers operating on the marketplace also offer scheduled delivery to the construction site. ManoMano also provides expert advice from Monday to Friday, 8am to 6pm, by phone, e-mail or online chat. Invoice management and order tracking are possible via the platform and the app.
 

www.diyinternational.com

 

 

Australia: Interview with Managing Director of Bunnings, Michael Schneider 


GHIN Board Member and Managing Director of Bunnings, Michael Schneider, was recently interviewed by Blenheim Partners.

Leading over 53,000 team members with a network of over 500 locations, in the episode Michael Schneider shares how he continues to preserve and enhance the unique Bunnings culture, which not only plays such a vital role in the organisation’s success but also in supporting the communities in which it operates.

He also shares what’s in store for retail as we witness the continued evolution of the industry as well as the next normal for Australia’s workforce.

Listen here https://lnkd.in/dkEi2VKq
 

www.linkedin.com

 

 

Germany: German Garden Market down 8.4 per cent year-on-year in the First Half of the Year.


The garden market in Germany shrank in the first half of the year. Compared to the same period last year, which was characterised by significant growth, the market volume fell by 8.4 per cent to EUR 8.4 bn. In contrast, turnover in the DIY category increased by 5.2 per cent. This figure was given by Martin Langhauser, Director Retail & Lifestyle at GfK, at a conference by the German garden manufacturers' association IVG.

With regard to sales channels, the market researcher reported that online is clearly losing relevance. The online pure players have achieved 23.2 per cent less turnover with garden products than in the same period of the previous year, while stationary retailers have recorded a decline of 40.9 per cent in their web shops. In contrast, sales of physical DIY stores in the garden sector grew by 17.1 per cent. Garden centres were 10.7 per cent below the corresponding previous year's level.

In the second half of the year, only a few weeks reached the previous year's level, and in some cases, sales were double-digit below the previous year's level, the GfK market researcher continued. In general, consumer behaviour was "characterised by an uncertainty never seen before".
 

www.diyinternational.com

 

Questo sito utilizza cookie tecnici e profilativi, sia propri che di terze parti, per migliorare le funzionalità e per inviarti pubblicità e contenuti in linea con le tue preferenze. Se vuoi saperne di più o negare il consenso a tutti o ad alcuni cookie clicca qui. Chiudendo questo banner, scorrendo questa pagina o cliccando qualunque suo elemento acconsenti all'uso dei cookie.