NEWS


BHETA confirms continued DIY upturn despite YOY dip


BHETA’s latest report


into DIY,


economic 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.


Crown Paints launches ‘Colour in Design’ CPDs


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 performance shows the 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 Quarterly using Google,


consumer behaviour and retail forecasts.


For the first time the BHETA report has


sponsored by suppliers and includes


their take challenges on and opportunities


for the market going forward. Sponsors include Shurtape UK Ltd, Avocet Hardware Group, QEP, Plasplugs and Croydex.


been the


Richardson 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


Monthly mortgage payments set to increase by £1,300 per year by the end of 2022


Crown Paints has launched ‘Colour in Design’, a suite of Continual Professional Development


which aim to help architects, designers and specifiers


advance their knowledge and skills around how colour can be used to support their work. There are eight courses overall, all of which have been approved by The Royal Institute of Architects (RIBA) and The British Institute of Interior Design (BIID)


The courses cover a range of topics including Colour Families, which studies each colour’s history, associations and variations, and Colour Design for Dementia, which explores how to guide the design of a dementia care setting. There are also courses on Inclusive Colour & the Equality Act, Colour Application, Colour Notation, Light & Lighting, Colour Psychology and Physiology and Technical Colour. Jemma


Saunders,


(CPD) courses to


The latest market analysis by Revolution Brokers has revealed that the average monthly cost of repaying a mortgage has climbed by 56% in the last decade, with a further 8% increase forecast by the end of the year. Revolution Brokers looked at the average monthly cost of repaying a mortgage based on the average property value minus a 15% deposit and using the average standard variable rate mortgage fee for a 25 year term, as well as how this has changed over the last decade after adjusting for inflation. Based on the average UK house price of £278,071 (2022 to date), minus a 15% deposit of £41,711, UK homebuyers require a mortgage loan to the tune of £236,360 in the current market. With the current average


rate for a standard


variable rate mortgage at 5.17%, this means the average homebuyer is repaying £1,405 per month on their mortgage.


inflation,


After adjusting for this


is 26% higher


than just five years ago (£1,115 per month) and 56% more per month than the average repayment of £899 10 years ago.


Founding Director of Revolution Brokers, Almas Uddin,


commented: “It’s


certainly looking like a tough couple of months ahead with house price growth showing no signs of slowing, while mortgage rates are also set to spike by quite some margin when compared to the increases seen over the last decade.


For those looking to get a


Screwfix replaces iconic paper catalogue with digital screens


Colour


Consultant at Crown Paints, said: “At Crown Paints, we know that professional development is a crucial and ongoing requirement for our customers, which is why we’re continually striving to advance our training and skills service.


“The Colour CPDs are aimed at a wide audience, whether it’s a student thinking about a career in painting or a professional wanting to improve their skills, and as with all of the courses, they’re all delivered in a bite-sized and engaging format.”


4 DIY WEEK AUGUST 2022


After 30 years of production, omnichannel retailer Screwfix has announced it will no longer be printing physical copies of its catalogue, instead introducing digital screens in store showing its full 37,000 product range, compared to just 16,000 in the catalogue. The move comes with a commitment to remain responsive and offer Screwfix customers market leading prices and deals. With increasing numbers of customers shopping online and a significant reduction in the


number of customers using the catalogue over the past few years, the retailer is focused on delivering convenience, centred around its digital offering across its app, website, and in store order points. Screwfix started back in 1979 as a mail order company before opening its first physical store in 2005. With a store network of over 800 stores across the UK and Republic of Ireland and 11 million active customers, Screwfix continues to be one of the fastest growing retailers.


foot on the ladder, it means their monthly mortgage repayments will


now be significantly


higher, while those existing homeowners on a variable rate will also see their household finances squeezed that much further. The


silver lining is, so far, property that values have


seemed impervious to the wider economic backdrop and so while the cost of homeownership is climbing, it remains a very sound investment.”


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.”


Kilrock products joins BHETA


Household and professional cleaning


products


manufacturer, Kilrock Products has joined BHETA. Based in Chesham, Buckinghamshire, the company designs, formulates, blends, fills, packs and distributes a full range of specialist household problem-solving and cleaning products. It also manufactures, under licence, the oldest cleaning product in the USA, Bar Keepers Friend. Kilrock began life back in the 1930s as Etherium Limited, focusing on industrial water treatment. Etherium became Heat Efficiency, which combined industrial boiler descaling services with heating and ventilation. It is from this knowledge base that many of Kilrock’s products originate. Kilrock is a family company with more than forty products across a number of core categories, available in most of the UK’s top independent and multiple retailers. Keeley Vernon, BHETA’s sector manager for DIY and garden said: “Kilrock is a UK-based family company and I’m delighted that it is joining BHETA to further its product range, distribution and contacts.”


John Mewett, Screwfix CEO, commented: “Our iconic catalogue has been a huge part a part of our brand identity for the past 30 years, however it only includes a small part


of our extensive range and doesn’t reflect our latest prices. In recent years we’ve seen customers increasingly prefer to shop with our app or online and switching to digital screens in store will mean we can provide the same great experience.” The catalogue’s final edition


featured 16,000 of the 37,000 Screwfix products available.


www.diyweek.net


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