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.

 

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.”

 

Germany: Hornbach reports 18% sales rise

The German DIY store chain Hornbach has reported a rapid increase in sales from its DIY stores and almost doubled earnings due to the coronavirus crisis. According to initial preliminary results, sales in the first quarter (1 March to 31 May 2020) have grown by 18.4% to EUR 1.492 bn. The operating earnings adjusted for non-operating impacts on earnings (adjusted EBIT) increased by around 90% to around EUR 160m.

The reason for the significant improvement in earnings is essentially the strong sales growth at home and abroad, reports the company. They state that in the course of the coronavirus crisis, customer demand in the stationary and online business has risen significantly since mid-March – also benefited by the pleasant spring weather in 2020.

The largest sales growths were achieved in May 2020 with plus 36 per cent (March 2020: minus 2 per cent; April 2020: plus 17 per cent), after all of the initially up to 64 Hornbach stores which were effected by official sales restrictions were reopened.

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

Germany: Hornbach anticipates higher Q1 turnover

The German Hornbach group expects significantly higher sales and earnings in the first quarter of its financial year 2020/2021 (1 March to 31 May 2020). The measures taken to contain the coronavirus pandemic meant that up to 40% of Hornbach’s DIY stores in Germany and abroad were initially affected by far-reaching restrictions imposed on sales activities by the authorities. As the spring quarter has progressed, however, it has become apparent that these coronavirus-related losses of sales are being more than offset, and to an increasing extent, by high sales at stores that remained open or have now reopened, at online shops, and at builders’ merchant outlets, an ad-hoc announcement says. Since 6 May 2020, all Hornbach DIY stores have been accessible to customers. From a current perspective, both consolidated sales and adjusted consolidated operating earnings (adjusted EBIT) for the first quarter of the 2020/21 financial year are expected to significantly exceed the previous year’s figures.

Source: www.diyinternational.com

Europe: Hornbach, ADEO and OBI grow most strongly

Plus 8.1%, plus 7.8%, plus 6.6% – with these growth rates, the number five, the number one and the number three in the DIY trade European top 10 are setting themselves apart from their competitors. The German DIY store operator Hornbach increased net sales gained on its home market and abroad in the year 2019 to EUR 4.428 bn. European market leader ADEO from France reached EUR 21.379 bn, and OBI, market leader in Germany, made sales of EUR 6.866 bn. These figures have been established by Dähne Verlag for its Statistics Home Improvement Retail. The complete volume will be out in August – however the statistics experts at the German professional publisher, which specialises in the DIY and garden industry, have already published the ranking of the ten largest DIY store groups. Overall, the top 10 of the European DIY trade sector made sales of EUR 65.026 bn last year. That was EUR 2.880 bn or 4.6% more than the previous year.

Source: www.diyinternational.com