Market punishes Cashbuild for its drop in revenue

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Bad news for building material retailers as households’ discretionary spending is eroded

Building material retailer Cashbuild could be in for another tough financial year after its first-quarter revenue fell 4% year on year, suggesting that the DIY market is still taking strain following the lifting of lockdown restrictions.

The DIY market was one of the few bright spots during the early days of the pandemic when people were confined to their homes, with many undertaking home improvements. But the trend has since reversed as many people having returned to the office...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

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