South Africa: Cashbuild Accquire The Building Company.

EDRA/GHIN Member, Cashbuild, is pleased to announce that it has entered into a definitive sale and purchase agreement to acquire 100% of the issued share capital of The Building Company Proprietary Limited (TBC).

TBC is a leading Southern African building materials retail and wholesale business, providing a full spectrum of services through its portfolio of 13 well-known brands across its three divisions. TBC has an established presence across the coastal regions of South Africa, comprising 160 TBC outlets and 21 franchise stores

In the prior financial year ending 30 September 2019, TBC achieved revenue of c.R8.2 billion across the retail, wholesale and specialised divisions. In the twelve month period ended 31 March 2020, TBC achieved revenue of c.R8.0 billion.

Cashbuild’s management identified geographic expansion and incremental access to additional segments of the market as key areas for potential growth. An acquisition of TBC allows Cashbuild an opportunity to drive these growth initiatives while still maintaining its commitment to its customers in the South African and neighbouring markets.

USA: The Home Depot Announces Renewable Energy Goal

The Home Depot, the world’s largest home improvement retailer, today announced companywide sustainability progress in its 2020 Responsibility Report, which outlines the company’s 2019 progress on its corporate responsibility strategic pillars: focus on people, operate sustainably and strengthen communities. The report also introduces several new goals and provides an update on the company’s recent response to COVID-19 and social equality issues.

As part of its existing pledge to reduce carbon dioxide emissions by 50 percent by 2035, The Home Depot reduced its greenhouse gas emissions by 10 percent in 2019, driven primarily by energy reductions and supply chain efficiencies.

New goals include a commitment to produce and procure energy from 335 megawatts of renewable and alternative energy projects by 2025.

Read the full report here: The Home Depot 2020 Responsibility Report

Japan: Cainz Open a New Type of Membership-Only Pro-Store

This August Cainz will open its first pro-concept store, “C’z PRO”, in Yokohama, Japan. This will be its entry into the membership-based wholesale business for construction professionals. Since July the company has started recruiting members on their C’z PRO website.

The C’z PRO store will offer wide range of building materials and tools as well as a variety of services. The store will have a “Creative Space” for members only, providing rental tools, copy services, a library of catalogues and building material samples. Members will also be able to use this space as a meeting spot for information-sharing with each other, including free drinks.

Cainz have also developed a unique ordering service for their “C’z GO!” stores. An online application enables members to search and purchase all products offered in the store in real time. There are also three options for picking up the items: pick up at the store during business hours, pick up from a pick-up locker outside the store at any time, or have the goods delivered directly to the site.

 

Lithuania: Moki-veži Open their 25th Store.

EDRA/GHIN Member Moki-veži have opened their 25th Store in Lithuania.

The new store, which is almost 15,000m2 in size, is located 9km outside of Vilnius. This means it is not only easily accessible for residents of the fast-growing Pilaitė, Gilužio Valley or Zujūnai, but also for those passing from Sudervė, Lazdynų, Karoliniškių and Viršuliškiai.

You can see pictures of the store at the following Linkedin link: www.linkedin.com

Japan: DCM HLDGS Demonstrate Significantly Increased Sales and Profits in Q1.

DCM HLDGS posted an 8.8% YoY increase in sales to JPY124 billion in March-May, partly due to the favourable impact on sales due to Covid-19, as seen in many countries throughout the world. DIY Retailing has been classified as essential retailing in Japan.

The number of DCM-branded items increased by 3,400 SKUs from the same period last year, now making up some 23,300 SKUs, and the improved mark-up rate has pushed the gross profit margin upward 0.9 points YoY to 33.9%.

On the other hand, the SG&A expense has been cut down by 2.6 points YoY to 26.0%, partly due to a reduction in newspaper flyers as the company refrained from aggressive sales promotion during the height of the pandemic. As a result, operating profit was up YoY by 70.4% to JPY11.6 billion.

The sales of gardening, DIY projects and infection-prevention-related products have significantly increased due to the stay-home and remote work trends seen in Japan.

 

Kenya: Builders Set to Expand.

Builders is set to expand into East Africa with its first store in the region’s largest commercial hub, Nairobi, Kenya.

The store, covering almost 10,000 m2 of trading and dispatch space and garden centre, will bring a wide range of high-quality DIY, home improvement and building materials products and services to the Waterfront Karen from the end of August 2020.

Kenya will join Botswana, Mozambique and Zambia as regions outside the retailer’s stronghold of South Africa for continued growth.

 

USA: National Hardware Show Cancels September 2020 Event. Virtual Show to be Announced Later in the Year.

Over the last few months, the National Hardware Show (NHS) has been closely monitoring the COVID-19 pandemic and its impact on members of the global hardware and home improvement community.

Originally slated to open its doors in May, the Show was postponed to September. However, as the team continue to make the safety of everyone at NHS their top concern, and looking at the continued impact of COVID-19, NHS has made the difficult decision to cancel the 2020 event. Instead of an in-person experience, NHS plans to host a virtual trade show dedicated to providing education and support that recognises and addresses the direct and essential needs of the hardware industry, later in the year.

China: China International Hardware Show 2020 (CIHS 2020) Postponed

In view of the continuous spread of COVID-19 throughout the world and the latest epidemic prevention requirements in China and the Government of Shanghai, the China National Hardware Association and Koelnmesse have prudently decided to postpone the China International Hardware Show 2020 (CIHS 2020) from August 7 – 9, 2020 to October 8 – 10, 2021. The event will still be held at the Shanghai New International Expo Center (SNIEC).

Co-hosted by the China National Hardware Association and Koelnmesse, CIHS has been held for 19 continuous editions and become the largest international professional hardware show in the Asia-Pacific region.

 

World: 8th Global DIY-Summit to be held from the 9 – 11 June 2021 in Copenhagen

For the past few months, the DIY Summit team have been closely monitoring the Global Covid-19 situation and assessing the best possible circumstances in which to hold the Global DIY Summit.

While EU Authorities implement and require the highest levels of medical measures and hygiene protocols for travel, the team feel that the delivery of the world-class international event will inevitably be impacted by such travel restrictions if it were to be held this year.

With this in mind, and following close consultation with event partners, key stakeholders and hosts, the decision to postpone the 8th Global DIY Summit by one year has been taken. The new dates for the 8th Global DIY Summit are 9 to 11 June 2021 and this event will be held at Bella Centre Copenhagen.

In order to continue offering this important and anticipated event for our industry, all tickets and sponsorships for the Global DIY Summit 2020 will automatically be valid for the rescheduled event. The ticket also includes access to a brand new online networking platform which will be launched this year in early October. This online service will allow all delegates and partners to attend online seminars, masterclasses, download studies, contact and schedule 1:1 video calls with other attendees, among other benefits.

www.diysummit.org

 

Belgium: EDRA/GHIN Board Member and CEO of HUBO Erwin Van Osta Elected Chairman of Comeos

EDRA/GHIN Board Member Erwin Van Osta will support Dominique Michel, CEO Comeos, as chairman of the Belgian Retail Federation, (18 sectors, including Food, Fashion, E-Commerce, Home Improvement), which accounts for 11,2 % of the GDP and employs close to 500.000 people.
The newly appointed chairman is well renowned in Belgium as CEO of Hubo Group with 150 stores and a turnover of 660 € Million and founder of Bricoalliance representing 856 stores in 9 countries with a turnover of 2,2 Billion €.

Erwin is very appreciated in the Belgian and International Home Improvement community. Since 2013 he has been a member of the EDRA/GHIN Board, and seen as a ‘Bridge Builder’ and retail marketing visionair.

John W. Herbert, General Secretary of EDRA/GHIN stated “I am delighted to hear that Erwin Van Osta has been elected Chairman of Comeos. Erwin is an excellent businessman, with a passion for retail.”