DIY stores enjoying good business in Covid-19 times

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DIY stores are enjoying a boom as people spend money on their homes and gardens. FMTNews Coronavirus

Many retailers have been caught off-guard by coronavirus restrictions and shifting consumer habits, but

In Britain, the sector has helped consumer spending overall to rebound to a level higher than before the pandemic hit. The unease and concern that many people now feel in public spaces may push a lasting shift towards people spending more time at home, with Accenture even calling it a “decade of the home”.

Paint and painting accessories proved most popular, according to the trade body, with sales climbing by 37.6%.People have been spending more on their gardens during the pandemic as well. A major DIY chain in the United States, Lowe’s, saw comparable sales rise by 34.2% in its second quarter that ended on July 31 – a period when restrictions were still in place in some states.

 

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