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: 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

 

Germany: Spoga+Gafa Suspended for 2020 and Switches to New Date from 30 May to 1 June 2021

With the entire area almost fully booked by the spring of 2020, and thus outstanding registration levels for spoga+gafa, the trade fair situation increasingly came to reflect the current developments around Covid-19 and the economic situation.

For this reason, the spoga+gafa team reassessed the overall situation together with the Advisory Board and decided that it was best to respond to the cancellations and wishes of a large number of industry exhibitors and visitors by suspending spoga+gafa 2020.

At the request of the industry, Koelnmesse have also permanently moved the date for spoga+gafa to the first half of the year. In future, this means that the largest garden lifestyle trade fair in the world will be held at a time more convenient for orders by large segments of the industry. In 2021, spoga+gafa will take place from 30 May to 1 June.

www.spogagafa.com

Canada: Lowe’s Canada’s new DC will be biggest in Western Canada

Lowe’s Canada has unveiled plans to open a giant distribution centre in the greater Calgary area. The facility, which will be 1.23 million sqft in size, is expected to open in the autumn of 2021 and will represent a total joint investment of more than $120m. The DC will become part of a network supplying more than 470 corporate and affiliated stores under Lowe’s Canada’s different banners. The Lowe’s facility will reportedly be the largest leased DC in Western Canada. Construction is slated to begin this month.

Source: www.hardlines.ca

World: EDRA/GHIN launches ‘Rediscovering Your Home’ manifesto

EDRA/GHIN has launched a manifesto entitled ‘Rediscovering Your Home in a Pandemic.’ The Manifesto highlights the importance of the home for everyone and the key role the home improvement industry plays in supporting people in creating, improving and, most of all, enjoying their homes. EDRA/GHIN General Secretary John Herbert said, “The role of the home has been redefined by the lockdown; one came to realise just how important our homes are.” He went on to say, “Our DIY retailers are dedicated to supporting people in their home improvement endeavours.”

 

The full Manifesto can be read here.

 

 

Chile: Cencosud achieves small Q1 sales rise

The Chilean trade company Cencosud increased its sales in the field of home improvement in the first quarter by 0.6% compared to the same period last year. It has reported the sales volume to be CLP 286.668 bn (EUR 320m). In local currencies, sales would have grown by 13.9%. This discrepancy is primarily due to inflation in Argentina where Cencosud made sales of CLP 118.596 bn (EUR 132m). In Argentinian pesos, that was 30.0% more than in the same quarter of the previous year, however, when converted to Chilean pesos, results in a minus of 2.3%. On the Chilean home market, Cencosud made sales with its home improvement division of CLP 149.532 bn (EUR 167m) and thus an increase of 2.4%. In Colombia, sales grew by 6.2% to CLP 18.540 bn (EUR 21m), however dropped by 1.9% after adjusting for currency effects. Cencosud’s DIY sales channels are Easy and Blaisten. Since the fourth quarter of 2019, the e-commerce share in Cencosud’s DIY business has risen from 3.3% to 4.5%.

 Source: www.diyinternational.com

U.S.: Home Depot’s sees 7% rise in turnover

Home Depot’s sales rose in the first quarter, but costs related to the pandemic, such as employee bonuses and reduced hours, ate into the retail giant’s earnings. Sales rose 7.1% to USD 28.26 bn, besting estimates of USD 27.54 bn, with same-store sales up 6.4%. Net earnings dropped by 10.7% to USD 2.25 bn, or USD 2.08 per share. Analysts had forecast earnings of USD 2.27 per share.

 

Source: www.hardlines.ca

Japan: LIXIL Viva reports revenue rise

LIXIL Viva has reported higher sales and lower profits for FY2019 (ended 31 March 2020) with sales of JPY 18.5 bn (+4.2% YoY), operating profit of JPY 10.0 bn (-7.5%), recurring profit of JPY 9.3 bn (-7.1%) and net income of JPY 6.5 bn (-64.2%). It was the second year of the company’s three-year mid-term management plan and the company positioned FY2019 as an upfront investment phase in stores, digitalization and logistics. As a result, sales were 2.3 points below the plan due to voluntary sales-promotion cancellations in February and March 2020 due to the impact of the COVID-19 infection, but operating profit was 7.6 points above the plan due to an improvement in the gross margin. Comparable store sales were down 1.4%. The company is continuing with its plans to open seven new stores in FY2020.

Source: Diamond Home Center Magazine