News from EDRA/GHIN

https://gallery.mailchimp.com/119b7c52ff1ea1377bc77d80c/images/3b2f3f6f-470e-4bf8-85e5-4be7b4d72174.jpg

 

European DIY Retail Association
Global Home Improvement Network

 

Current Affairs in the Home Improvement Industry
24th May 2023 â—Ź Issue 447

  

 

Just Over 20 Days Until We Meet In Berlin!

Hurry to secure your place for the 9th Global DIY-Summit 2023. 

Get one of the last tickets left and join this first class networking event taking place from 14 - 16 June 2023 in Berlin.

EDRA/GHIN: EDRA/GHIN Welcomes Praktiker Greece as its Newest Member.


The European DIY Retail Association (EDRA) and Global Home Improvement Network (GHIN) are delighted to announce that Praktiker Greece will join the associations with immediate effect. 
 
Praktiker Hellas, counting over 30 years of presence in the Greek market, is the No. 1 Greek Home Improvement & DIY Network and an one-stop-shop for every home and garden need.

With 16 stores nationwide, dynamic e-commerce and a specialized Praktiker Business department operating all over Greece, it offers top shopping experiences for every small or big Home change, providing 50,000 products and integrated services every day.

Read the Press Release in Full
 

www.edra-ghin.org/

 

  

 
 

 

 

USA: The Home Depot Announces First Quarter Fiscal 2023 Results; Updates Fiscal 2023 Guidance. 


The Home Depot, the world's largest home improvement retailer, today reported sales of $37.3 billion for the first quarter of fiscal 2023, a decrease of 4.2% from the first quarter of fiscal 2022. Comparable sales for the first quarter of fiscal 2023 decreased 4.5%, and comparable sales in the U.S. decreased 4.6%.

Net earnings for the first quarter of fiscal 2023 were $3.9 billion, compared with net earnings of $4.2 billion in the same period of fiscal 2022.

"After a three-year period of unprecedented growth for our sector, during which we grew sales by over $47 billion, we expected that fiscal 2023 would be a year of moderation for the home improvement market. Our sales for the quarter were below our expectations primarily driven by lumber deflation and unfavorable weather, particularly in our Western division as extreme weather in California disproportionately impacted our results," said Ted Decker, chair, president and CEO.


www.corporate.homedepot.com

UK: Kingfisher Publish Q1 Trading Update to 30 April 2023. 


This morning EDRA/GHIN Member Kingfisher plc announced their Q1 results demonstrating sales in their core and 'big-ticket' categories are showing continued resilience and also reiterated their full-year guidance. 

The Trading Updatd shared that first quarter sales were Ł3.3bn; total sales +0.8% (reported) and -2.0% (constant currency). Moreover, improved trading has been seen since early April, with continued resilience in core and 'big-ticket' trading and better seasonal sales. 

On the publication of the results Group CEO Thierry Garnier said "As we move through our key trading season, we are pleased to see that sales in our core and 'big-ticket' categories, which make up over 80% of our total sales, are showing continued resilience. The unusually poor spring weather in the UK and France affected our seasonal sales in the quarter, impacting demand for items such as garden and outdoor products. We have however seen an improvement in trading since early April, and anticipate a release of some pent-up demand as the weather continues to improve."
 

www.kingfisher.com

 

 
 

 

 

Germany: Hornbach Increases Sales by 6.6 Per Cent in the 2022/2023 Financial Year. 


The Hornbach Group achieved sales of EUR 6.3 billion in the past 2022/2023 financial year, an increase of 6.6 percent compared to the previous year. In line with the forecast results and preliminary figures, adjusted EBIT fell by 20 percent year-on-year to EUR 290.1 â€‹â€‹million. Adjusted EBIT at the Hornbach Baumarkt subgroup fell by 23.4 percent to EUR 241 million (2021/22: EUR 314.7 million). 

Against the background of the ongoing macroeconomic challenges caused by persistently high inflation and rising product prices, as well as the subdued start to the spring season in most of the countries in the business area, also due to the weather, the Management Board is sticking to the outlook for the 2023/24 financial year.

In the challenging environment of the past few years, Hornbach has significantly increased its market share in Germany and in all international markets compared to the pre-pandemic

level. In the 2022 calendar year, Hornbach DIY stores had a market share of 14.9 percent in Germany compared to 13.1 percent in 2019, 17.8 percent in Austria (2019: 17.0 percent), and 34.4 percent in the Czech Republic (2019 : 33.3 percent), in the Netherlands at 26.1 percent (2019: 21.1 percent) and in Switzerland at 13.5 percent (2019: 12.0 percent).
 

www.baumarktmanager.de

 

 

Estonia: Bauhof names his new CEO. 


Edvinas Volkas has been named the new CEO of Bauhof. Volkas takes over from Mantas Tulaba, who served as interim CEO for the past month.

Volkas has worked in various positions in Vilniaus Prekyba group companies for over 20 years. Prior to becoming CEO of Bauhof, he served as CEO of Maxima Estonia for almost four years and before that four years as CEO of Maxima Bulgaria (T-Market).

Bauhof Group has been operating in Estonia since 2002. Presently Bauhof operates 13 stores based on the international DIY concept. Bauhof is a member of the commercial group Vilniaus Prekyba operating on the Baltic states, Poland, Sweden and Bulgaria markets.
 

www.diyinternational.com

 

 

Italy: Success Beyond Any Expectation For The Debut Of International Hardware Fair Italy. 


The first edition of International Hardware Fair Italy took place from 5-6 May 2023 at Fiera di Bergamo. International Hardware Fair Italy 2023, organised by Koelnmesse Italy on the model of EISENWARENMESSE, was sold out with 302 exhibitors in its two halls. The trade fair experienced a strong participation from international companies from 20 countries, including group and individual participants. 
 
The strong synergy with EISENWARENMESSE, the world's largest trade fair for the sector is the basis for the immediate success of the new events' first edition that registered more than 5,300 visitors from 30 different countries.

"The International Hardware Fair Italy was one of the most successful first editions of a Trade Fair that I have had the pleasure of experiencing" commented John W. Herbert, General Secretary of EDRA/GHIN. "The organisers of the coming together of the industry in Bergamo can be most proud for what they have accomplished with this show, which will have a most promising future."

The Next events in the International Hardware Fair calendar are:

  • China International Hardware Show, Shanghai,19-21 September 2023
  • International Hardware Fair India, New Delhi, India, 2–4 December 2023
  • International Hardware Fair Cologne, Cologne, Germany, 3-6 March 2024

 

www.hardwarefair-italy.com

 

   

Germany: HDE lowers forecast for online trade in 2023. 


In view of the persistently high inflation and the correspondingly poor consumer sentiment, the German Retail Association (HDE) lowers its forecast for sales in online retail for 2023 to EUR 89.4 billion. This corresponds to a nominal increase of 5.8 percent compared to the previous year. At the beginning of the year, the HDE was assuming an increase of 8 percent. Adjusted for prices, online sales will increase by around 2 percent this year.

The HDE online monitor shows clear shifts for the past year. It is interesting that the sectors that were able to grow online during the Corona period were significantly less successful last year. Most product groups related to living (-8 percent) as well as DIY and gardening (-15 percent) lost at least part of the growth again. On the other hand, online food retailing experienced a success story in 2022. Here, retailers were able to record above-average growth of 8 percent.

After online sales grew by more than 25 billion euros in total during the pandemic years, online trade experienced a slight drop in sales for the first time in 2022 with a nominal minus of 2.5 percent or 2.2 billion euros. Compared to the online sales of 2019 - before the Corona boom - the increase is still 43 percent.

www.diyonline.de

 

 

Spain: Ikea arrives in Huelva with a new store format. 


Ikea has just announced that this June it will open a planning space in Huelva, Spain, "in which customers can be inspired, design and plan personalized projects for any space in the home: kitchens, living rooms, bedrooms or bathrooms ". 

Although the space, which will be located on the ground floor of the Holea shopping center, will not have an assortment to buy directly, "customers will receive assistance to make purchases online or hire collection, transport and assembly services, all without the need by appointment".

This new Ikea format (which has already implemented up to 5 different physical formats in Spain) will be called 'Ikea 
​​Huelva planning space' and is part of its omnichannel expansion plan and Ikea's commitment, in this case, to the Andalusian market.

The Ikea space will be located in a premises of approximately 90 square meters and will have an initial staff of around six people, according to reports from the company.
 

www.ferreteria-y-bricolaje.cdecomunicacion.es

 

 
 

Climate: Even The Most Ambitious Companies Are Still Far From The 1.5°C Target.


More than 2,500 companies worldwide have made climate commitments aligned with the 1.5°C warming trajectory and validated by the flagship Science Based Targets initiative, recognized as the global framework in this area. But, according to a study published at the end of April by the consulting firm Axylia, these commitments would only allow a very limited reduction in emissions. 

what is really the quality of the commitments made by the companies validated by SBTi? This is what the responsible investment consulting firm Axylia sought to find out, in an unpublished study published at the end of April. To do this, it selected 800 of the 1,000 listed companies validated by SBTi, leaving out those for which analysts did not have enough data or those that do not publish their Scope 3 (indirect emissions), which are over-represented in particular in the banking sector. Result: according to Axylia, their commitments, therefore among the most ambitious in the world, only reduce their emissions by 2% between 2020 and 2030.
 

www.novethic.fr

 

 

Cainz Finalises "Agreement on Supply of Goods in Times of Disaster" with Fukuoka Prefecture.


On April 28, Cainz (Saitama Prefecture) signed an agreement with Fukuoka Prefecture concerning the supply of goods in the event of a disaster.

The agreement stipulates that Fukuoka Prefecture and Cainz will promptly and smoothly supply supplies to rescue victims of earthquakes, storms, floods, and other disasters. In times of disaster, Cainz will supply food, bedding, daily necessities, fuel, etc. from its logistics bases upon request from Fukuoka Prefecture.

In addition, depending on the situation, stores in neighboring areas of Fukuoka Prefecture will supply supplies to support evacuees.

 
Cainz is promoting various initiatives such as concluding disaster-related agreements with local governments nationwide. With the conclusion of this agreement with Fukuoka Prefecture, Cainz has concluded 226 disaster-related agreements with local governments nationwide.
 

www.diamond-rm.net

 

 
 

Toom Awarded Sustainability Prize for the 5th time in a row.


Deutschland Test has awarded Toom the test winner for "sustainable commitment" among DIY stores for the fifth time in a row.

The DIY store operator has been driving the consistent expansion of more sustainable product alternatives for years. These can be, for example, environmentally friendly products or products in more environmentally friendly packaging. The reduction of plastic waste and the closing of material cycles are central aspects of the sustainability strategy of the DIY specialist. Customers recognize more sustainable products by the Pro Plante label, among other things.

In fact, the range of activities of the DIY store chain is wide. It ranges from commitment to species and environmental protection (e.g. peat-free substrates, reduction of chemical-synthetic pesticides) to the resource-saving operation of the Toom markets and the support of non-profit organizations at the local level and nationwide to a corporate culture that values 
​​respect, humanity and tolerance is established.
 

www.baumarktmanager.de

 

 

G7 Leaders Support Development of Global Sustainable Disclosure Standards.


Leaders of leading industrial nations at the Japan-hosted G7 summit in Hiroshima made a series of announcements in support of their Paris Agreement commitments to limit global temperature rise to 1.5°C, including supporting the development of the International Sustainability Standards Board's (ISSB) upcoming sustainability and climate-related corporate reporting standards, calling for an end of construction of new unabated coal-fired power plants, and supporting initiatives to ramp climate transition finance to developing countries.

One of the key climate-related issues highlighted in the communique released Saturday by the leaders of Canada, the EU, France, Germany, Italy, Japan, the UK, and the US, was the need to mobilizing finance to facilitate emissions reductions and climate resilient development, "especially including private finance focusing on further implementation and development of clean technologies and activities," alongside the G7's commitment "to consistent, comparable and reliable disclosure of information on sustainability including climate."


www.esgtoday.com

 

 

Why Car Parks are the Hottest Space in Solar Power.


There's more than just cars and empty spaces in this car park. Huge arrays of angled solar panels sit atop jet black steel supports, soaking up the sun and shading the vehicles beneath. Outside the offices of a major car manufacturer in the south of England, there are now more than 2,000 panels in total with a peak capacity of just under 1 megawatt (MW). That's enough to power hundreds of homes.

Solar car parks or car ports enable electricity production in open spaces that tend to be positioned conveniently near to energy-guzzling facilities such as hospitals, shopping centres or offices. The canopies have additional benefits in that they protect cars from rain and snow, or hot sun in the summer.

In a drive to boost clean energy production, the French Senate recently approved legislation that makes it mandatory for all existing and new car parks with 80 spaces or more to be covered by solar panels.

There is a huge opportunity to turn more British car parks into solar farms, according to a new report published by the countryside charity CPRE and the UCL Energy Institute. "We think the total potential in the built environment is about 117GW," says Prof Mark Barrett of UCL. "And of that, 11GW, we think, is car parks."
 

www.bbc.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.