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DIY set for growth in 2013

Picture of a ladyu doing DIY DIY set for growth in 2013 DIY set for growth in 2013

DIY & Gardening Sector News

Two of the top retail research organisations have predicted growth for the DIY and gardening sectors in the next twelve months, much of driven by finally getting round to those small jobs most of us put of in 2012! We are keeping a close eye on orders for hinges, hardware and other items from our stock range.

Growth Predictions for DIY sales

The predictions come from Verdict Research “the leading authority on retailing in the United Kingdom” and SAS UK. Both organisations are optimistic for growth throughout all retail sectors next year – hurray – but believe DIY and gardening will be the ‘retail champions’ of 2013 with ‘exceptional growth’ predicted. Shoppers taking on small decorating projects to freshen up homes and make minor repairs in preparation for selling will be the driving factor for this, according to the report.

Verdict actually believes some of the large DIY warehouses will close during the year. This is a reflection of the fact that more people are ordering their DIY items such as hinges, door furniture and even larger items online – and we can certainly confirm that our growth is based on the fact that more DIYers are happy to purchase online. With ‘bricks and mortar’ retailers likely to reduce their square footage, the logical conclusion is that their product ranges will be reduced. Therefore, accessing a comprehensive range of items like hinges will only be possible through online hardware retailers.

For the furniture and floor coverings sector, the quarter-on-quarter easing of steep declines from Q2 2012 onwards is set to continue, with growth projected by Q3 2013. This will be driven by a rise in housing transactions in Q3, but the report also notes that the initial increase will be due to inflation.

Homewares may see growth too

Homewares, too, is predicted "meaningful recovery" with volume growth set to be positive for the first time since 2008. Although the housing market is unlikely to recover significantly until 2014, consumers are predicted to spend more in anticipation of better market conditions. Scratch cooking, home baking and television cookery programmes are set to once again be a driving force for homewares - so ‘The Great British Bake-off’ has a lot to answer for!

We hope the experts are right and will be making sure our stock of hinges and other essential items are kept at levels to cope with this increased demand. And we’d love to hear your opinion about how you are feeling about 2013.

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