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The essential news source for the home improvement industry INDEPENDENT FOCUS


15 DECEMBER 2017 Our quarterly special dedicated to indies p13


INSIDE THIS WEEK


YEAR IN REVIEW A look at the biggest headlines of the year and how the industry fared in 2017


p10


MEET THE JUDGES Get to know the 2018 DIY Week Awards judging panels


p22


TOP PRODUCTS A re-cap of some of the exciting launches seen this year


p24 WWW.DIYWEEK.NET Christmas budgets squeezed as inflation edges up


The Office for National Statistics released the consumer price inflation figures this week, which showed Consumer Price Inflation edg- ing up to 3.1% in November, from 3.0% in October, defying predictions that we’d reached the peak of price rises. Commenting on the ONS Consumer Price Inflation figures, head of retail insight and analytics at the British Retail Consortium (BRC), Rachel Lund said: “Behind this move to a new five year high in price growth were higher airfares, resulting from some aggressive discounting last year which was not repeated, and computer games, which saw prices boosted by new product releases. “The post-Brexit referendum


currency adjustment continues to feature strongly in the figures. Clothing prices grew at 3.0% in November,


compared to 0.9% last year. “Higher prices mean that shoppers’ budgets won’t go as far this Christmas, with spending likely to continue its trend of shifting towards essential, predominantly food items and away from discretionary goods. However, the pile of presents under the tree doesn’t have to be smaller this year: our shop price data shows that retailers are still offering lower prices than last year on some of their non-food ranges, so for consumers on a stretched budget there are still options available.” Economist Dr. Liliana Danila spoke of the implications for non-food retailers. “The non-food sector faces conflicting underlying dynamics,” she said. “The currency depreciation pass-through is not fully complete as yet, despite 18 months having passed since the Brexit vote. Some retailers’ hedging


facilities only expired in recent months, meaning they’re still in the process of making tough decisions about to what extent they have to feed through higher import costs to prices in shops. At the same time the weakness of demand for non-food products means retailers are finding they are having to offer promotions to shift stock, so a lid is being kept on price increases. “A pick-up in consumer demand driven by higher wage growth could allow some breathing space for non- food retailers. So far, we’ve been continually disappointed as far as wage growth goes, but we shall have to see what the New Year’s pay round brings. “As it stands, we expect inflation to peak in the next few months, and we expect the New Year to see inflation to fall back a bit. However, we should always be prepared for surprises.”


DIY Week Awards: Final deadline announced


With Christmas almost upon us and retailers and suppliers under significant time pressures, the deadline for entries to the DIY Week Awards has been extended.


The final deadline for entries in both suppliers and retailer categories is Wednesday, January 31, 2018. The DIY Week Awards work to


recognise excellence in retailing, innovative products and forward-thinking suppliers. Don’t miss out on the chance


to showcase your stand-out business or product and be in with a chance of winning an accolade.


and retailer categories have now been revealed, boasting


The judging panel s for both the supplier buyers from leading


high street names and independents, as well as industry consultants, in-store marketing specialists, and respected industry figures. Read more about our judging panels on pages 22-23 in this issue.


The 2018 DIY Week Awards will take place at lunchtime on Friday, May 11 at the Park Plaza Victoria Hotel in London.


Guests will enjoy a drinks reception, followed by three-course meal and entertainment, as well as the all-important awards presentations.


The event is the perfect opportunity to network with the cream of the home improvement and garden sector and, for those lucky enough to be shortlisted for


an award, it provides the perfect platform to showcase your business or product and reward the people that are integral to the success of your company. Find out more about putting your retail business, team, product or initiative forward for a DIY Week Award at www.diyweekawards.co.uk


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