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UK DIY & Gardening Sector Report | Overview & Analysis

March 2024

What's included in this report?

  • Market Share - top 10 DIY & Gardening retailers
  • Market Size estimates (£m)
  • DIY & Gardening Sales Growth by category
  • Total Spending by category (£m)
  • Online DIY & Gardening Sales (y-o-y)
  • Forecasts for 2024 - 2028
  • Footfall by channel and region
  • Regional Weather data and more…

UK DIY & Gardening Sector Report : March 2024

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Report Summary

31 December 2023 – 27 January 2024

3 minute read

 

Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a member to access this data or take out a free 30 day membership trial now.

 

DIY & Gardening Sales

DIY & Gardening sales fell by xx% YoY in January according to the Retail Economics Retail Sales Index (value, non-seasonally adjusted).

ONS data shows the wider Household Goods category faced xxxx shop price inflation in January, pointing to a decline in sales volumes.

Sales volumes in the Household Goods category fell xx% YoY in the month (ONS).

 

DIY deprioritised

DIY & Gardening was the xxxx performing sector on an annual basis in January.

High living and borrowing costs, combined with the deprioritising of discretionary spending on home improvements, pushed down sales volumes in the month, despite flat shop price inflation.

Inflation was weaker than expected in January, remaining unchanged at 4.0%, below economists’ forecasts of 4.2%, with downward pressure coming from household goods.

Consumer confidence increased by three points in January to -19 as a result (GfK) , the highest rate since January 2022, albeit firmly in negative territory, while GfK’s major purchase index also increased three points to -20.

Despite this, households remain cautious and highly selective with their discretionary spending, particularly in light of high borrowing costs.

Research by Retail Economics and NatWest found that spending on home-related products is less of a priority for households than other areas such as holidays, which are still enjoying a post-pandemic rebound in consumption.

 

Strong garden centre sales

The Garden Centre Association (GCA) recorded robust January trading figures, with overall sales at garden centres climbing xx% YoY.

Spending on hard landscaping (+xx%) was the strongest, followed by outdoor plants (+xx%) and seeds & bulbs (+xx%), reflecting time spent cultivating winter gardens despite largely inclement weather in the month.

However, furniture and barbecues saw sales fall by xx%, as households hold back from big-ticket purchases at this time of the year.

 

 

 

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Prices and sales expectations improve

Source: RICS

Latest monthly UK DIY & Gardening Sector Report

Report: January 2024 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
Report: December 2023 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
Report: November 2023 3 minute read   Note: This report summary is one or two months behind the current month as standard reporting practice. The content is indicative only and incomplete with certain data undisclosed. Become a me... read more
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Report Contents

UK DIY & Gardening Sector Report Report
  • Executive Summary
  • Sector analysis
  • Furniture and Flooring – Retail Economics Index
  • Macro Factors
  • Mortgages & Savings
  • Credit & Borrowing
  • Household Spendingg
  • Consumers
  • Footfall
  • Labour market
  • Earnings
  • Costs, Prices and Margins
  • Weather Watch
  • Average Temperature
  • Average sunshine hours
  • Average Rainfall

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About our reports and subscriptions

Retail Economics publishes monthly Retail Sector Reports for the UK DIY & Gardening sector giving you actionable insights for your business.

 

It provides in-depth analysis of the latest macroeconomic and consumer trends affecting the DIY and Gardening sector including market size estimates for: Gardening, Power Tools, Gardening Tools, Other DIY and more. Explore below…

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