BHETA’s latest economic report into DIY, garden, housewares and small domestic electricals, now sponsored by some of the leading suppliers in the market, confirms that while most sectors are experiencing year on year downturns, value and volume figures remain higher than prior to the pandemic.
The latest BHETA Quarterly Report has for the first time been sponsored by leading market suppliers who offer commentary on the figures and the implications for sector brands going forward. BHETA marketing manager Steve Richardson commented, “The aim of the BHETA Quarterly Report which is exclusive to members is to pull together different sources of quantitative and qualitative market data to inform and bring the industry together in common causes. It is produced primarily with GlobalData to help improve a shared understanding of the market between retailers and suppliers, and also references other producers of contemporary market information.”
The report shows the performance of 24 key product categories across the Homewares, DIY, Gardening & Electrical sectors and provides an opportunity to benchmark individual businesses against the market. The report also includes information on the economic climate, how customers are shopping using Google, consumer behaviour and retail forecasts.
For the first time the BHETA Quarterly report has been sponsored by suppliers and includes their take on the challenges and opportunities for the market going forward. Sponsors and commentators include:
· Tapes & Adhesives – Shurtape UK Ltd – Matt Burnham, Matt Burnham, Independent and Wholesale Channel Manager
· Security – Avocet Hardware Group – Steve Ross, Commercial Director for Avocet ABS division.
· Gardening Tools – Avocet Hardware – Rythm Jain Saigal, CEO
· Tiles & Tiling Tools – QEP, Ann Marie Clarke, Head of Marketing
· Fixing – Plasplugs – Matthew Billing, Category Manager
· Bathroom Accessories – Croydex – Expert: Phil Adams – Head of Product Management
· Flooring & Flooring Accessories – QEP – Jeni Brookes, Sales Director
Steve concluded, “Fundamentally the report proves that while a majority of companies are experiencing a YOY dip versus last year, the new consumers who entered the market over successive lockdowns are very much still there. Overall figures remain up with significant future opportunity vis a vis pre-pandemic 2019.
“It’s now all about how to make the most of things and we are grateful to our expert sponsors for their insights on the next moves forward.”