“We are working together with the garden sector to prepare ourselves for a new normal in daily life. We are underscoring this shared conviction under the hashtag #gardenbackstronger,” Koelnmesse says. The management of Koelnmesse has issued a further statement to exhibitors and visitors to the Spoga+Gafa show. In the statement, business division director Catja Caspary and Stefan Lohrberg, director of Spoga+Gafa, confirm: “As delighted as we are that most of the comments we’ve been getting from exhibitors and visitors have been confirmatory, we take their concerns very seriously, especially the uncertainty felt by our partners from overseas.” The feedback has encouraged the trade show management team to make the decision to let Spoga+Gafa go ahead on 6-8 September 2020 in Cologne.
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.
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
EDRA/GHIN Member Petrovich, the number two in the Russian home improvement retail segment, achieved growth of 22% in 2019 compared with the previous year, with net sales of more than RUB 60 bn (€746m).
The driver of these sales continues to be service; as the company puts it, a convenient purchase format and timely delivery. Last year Petrovich handled more than two million deliveries of building materials.
The online share of sales rose to 47% in 2019, with the biggest growth coming from the smartphone app. At the start of March, the St. Petersburg retailer opened another new store in Moscow. The new store occupies a site covering 19,000 sqm including warehouse and retail area.
Read more at: www.diyinternational.com
The Norwegian home improvement market grew by almost 5% in 2018 and further growth is expected in 2019. 2018 was a positive year for the players in the Norwegian home improvement trade. According to market figures from the main association of service industries Virke, they generated NOK 48.5 bn (around EUR 4.9 bn), which corresponds to an increase of 4.7% over the previous year. The growth resulted primarily from an increase in the professional business, which accounted for 62% of sales in 2018. More and more people who want to build and renovate rely on professional support for their projects instead of doing their own thing. Nevertheless, the end-consumer market also developed positively in terms of sales in 2018 (plus 1.3%), according to the association. For 2019, it lowered his growth forecast from 5% to 2% last September.
The aggregated sales of the ten biggest European home improvement companies grew by the same amount in 2019 as they did in 2018, by 4.6% in each case. This is revealed by the figures collated by Dähne Verlag for its annual publication Statistics Home Improvement Retail Europe. The statistics experts at the publishing house, which specialises in the German and international DIY and garden retail sector, have calculated that the total sales of the European Top 10 amounted to EUR 65.026 bn. Between 2012 and 2019, the volume of sales of the ten biggest DIY retailers in Europe rose by EUR 13.568 bn or 26.4%.
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Despite coronavirus and the emergency situation worldwide, more than 670 exhibitors have already decided to attend Christmasworld in Frankfurt am Main from 29 January to 2 February 2021. This means that 90% of the exhibition space is already filled. This underlines the fact that the consumer-goods sector is looking optimistically towards the time following the corona crisis. In this mood the encounter format of a trade fair is playing a decisive role in re-launching from a position of strength into the new season of 2021.
As a Recommended Global Trade Fair any EDRA/GHIN Member who would like to complimentary VIP tickets for Christmasworld should contact us at email@example.com
Read more at the Christmasworld Website
Mr. DIY, Malaysia’s biggest home improvement store chain with 594 branches nationwide, has been allowed to partially reopen in nine of the country’s 13 states. As of the 9th April, 147 stores in Johor, Kedah, Malacca, Perlis, Sarawak, Selangor and the Federal Territory of Kuala Lumpur, and Terrengganu have been permitted to operate twice weekly, following an announcement the day before that 20 outlets in Negeri Sembilan and 40 locations in Perak have been reopened under similar arrangements. The days the branches are open depend on their locations and store hours can run from six to eight hours.
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