Bob Chermin on LinkedIn: Exciting to meet many familiar and new faces at the Global DIY summit… (2024)

Quick reaction to big box results:1) DIY pullback accelerating - we believe the middle-income pull-forward (discussed in our webinar), and price sensitive consumers are behind this. As expected, but not done yet. Led by 'big project', which will continue to face headwinds for the next few quarters.2) Rural stores exceeded expectations- which is not a housing cycle story as much as a shift in business mix/strategy. It's worth noting how excited CEOs are on this topic.3) Pro contractors - major focus for both retailers, as expected. Positive growth in comp was a welcome surprise, but we are unclear on what type of pro this is. Matt Samson saw this shift to LOW a few months ago in our research, and watching closely.#housing #homeimprovement #remodeling

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New JKMR Report now available, providing latest data on UK fitted kitchen product market performance and outlook.

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Do These 5 Things To Save More Money Fast!1️⃣ Buy Bulk Groceries at Discounted Prices in the Marketplace. You can identify the best places near your residence with affordable foodstuffs. 🛒👛2️⃣ Carry Home-Cooked Meals to the Office. This can save you from Kshs 200, depending on the working location. Takeaways are pretty expensive, especially in high-end restaurants. 🍱💼3️⃣ Create A Budget. A budget helps you integrate savings as part of your expenditure. In addition, a budget allows you to cut back on unnecessary spending and increase your savings.💲4️⃣ Reduce Energy Consumption.💡 What bulbs are you using in your home?💡 Does your family leave lights on? Do you own energy-efficient appliances? 🔌Reducing your energy usage will help you save a few bucks daily, boosting your savings. 💰🔋5️⃣ Avoid Compulsive Buying. Compulsive buying behaviors use up your income, reducing your savings. But, when you master the cause and avoid it, you can boost your savings. 🚫🛍💸"

Looking to better control your costs in 2024? If you are a hospitality operator, our message is: stop focussing on the centre of the plate and take a hard look at costs in other areas of your business. Lynx Purchasing’s managing director Rachel Dobson says many operators have taken their eye off the ball when it comes to the costs of so-called ‘evil necessities’ from cleaning products and pest control to lighting and office stationery. Back of house has become back of mind and these costs are escaping the same level of supplier and budget scrutiny that food and drink receive. “We often find businesses are being overcharged in many areas of back of house spending and for many reasons such as not using specialist suppliers, opting to buy brands over non brands or just failing to shop around,” she says. So start 2024 with a review of your back of house spending. Controlling these costs could help you improve what goes on the plate and on your bottom line.If you’d like the team at Lynx Purchasing to review your costs and help you buy better, email us at hello@lynxpurchasing.co.uk or give us a call on 01325 710143. For free tips and advice, download our Seven Habits guide to buying better.#hospitalityindustry #hospitalitynews #UKhospitality #hospitalityexperts #hospitalitysector #hospitalitypurchasing #purchasingexpertshttps://lnkd.in/eeBYf3cU

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In 2033, the global market for carpet and flooring is projected to be worth $485,371 million. While urbanization and sustainability are well-recognized drivers, there’s another trend worth mentioning. The growing influence of social media and online reviews is transforming consumer behavior. https://ow.ly/QgyV30szMJK

"Why is demand so high for Industrial real estate?"The answer is simple.It's you.The consumer (you) drives demand. The more you consume (food, beverage, clothes, electronics, etc.), the greater the demand for industrial space.Unless we collectively reduce consumption (eat less, online shop less, create more ourselves), the demand for industrial real estate will not change.Want to talk about how demand is evolving? Hit me up - Nick@DickmanRealEstate.com#industrialrealestate #commercialrealestate #investmentrealestate

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Get ready for a presentation that delves into the depths of home improvement retail data. Dahne, our expert presenter, will unveil essential insights that will shape the way you perceive the industry. Discover unparalleled statistical insights and data that will revolutionize your approach to the home improvement industry. Join us for a captivating webinar as we introduce you to a unique world of information. 📅 Date: September 12, 2023 🕛 Time: 12:00 PM - 1:00 PM (German Timezone) Key Highlights: 🤝 Introductions by HIMA - Piet De Coninck 📊 Overview of Complete Report: Explore the entire world of home improvement retail within the grasp of a single report. From a global perspective to insights about individual countries and specific retailers, this session will empower you with a broader understanding. 🧰 Practical Presentation and Report Utilization: Navigate the practical application of the report's content and learn how to extract maximum value from it. Whether you're a global DIY enthusiast or a retailer seeking to harness valuable data, this presentation is for you. 💡 Short Testimonial of Suppliers: Hear from suppliers who have unlocked the potential of this report. Gain insights into real-world experiences that have led to informed decisions and successful strategies. 📚 Global DIY Report and DIY Retailers Database: Discover the power of information at your fingertips. Dive into the global DIY report and explore a comprehensive DIY retailers database from around the world. 🌐 Overview of Availability and Pricing: Understand the availability and pricing trends that can steer your business in the right direction. Make informed decisions backed by data-driven insights. 🤝 Engage in Q&A: Your questions matter. Participate in the Q&A session where our experts will address your queries and provide additional clarity on the report's content and applications. 📌 Registration Link: https://lnkd.in/ev2WyGgi See you at the webinar and let's explore the world of possibilities together! #HomeImprovementWebinar #DataDrivenInsights #RetailRevolution

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🌷 Embrace the Season of Renewal: Key Insights into Spring Cleaning Trends 🌷As we welcome the arrival of spring, the tradition of "Spring Cleaning" takes center stage, embodying a fresh start and renewal across cultures and religions. But what insights lie beneath this annual ritual, and how can businesses leverage them for success? Let's delve into the key takeaways from recent analyses:🏡 **Spring Cleaning's Evolution:** The concept of Spring Cleaning has transcended mere household tidying, becoming a global phenomenon embraced by 74% of individuals annually. Its significance extends beyond homes, influencing consumer behavior and purchase patterns.📈 **Trends in Home Care:** Recent data unveils a surge in consumer interest in cleaning products during the spring season. With purchase intent rates peaking between March 8th and 19th, businesses can capitalize on this window of opportunity by strategically positioning themselves to meet heightened demands.💻 **Retail Media's Influence:** In today's digital landscape, retail media plays a pivotal role in shaping consumer behavior during Spring Cleaning. Brands are increasingly investing in online platforms, particularly in search advertising, to ensure visibility and prominence amidst heightened consumer interest.💸 **Spending Surge:** Spring Cleaning isn't just about decluttering; it's also a time for increased consumer spending. E-commerce has facilitated easy access to a plethora of cleaning products, prompting brands to optimize their digital presence and offer seamless shopping experiences.📊 **Consumer Preferences:** Analysis of cleaning priorities reveals notable emphasis on specific categories such as glass cleaners, wood cleaning products, and curtain/carpet cleaners. By aligning offerings with these preferences, brands can effectively cater to evolving consumer needs.🛒 **Digital Shelf Dominance:** The rise of the digital shelf underscores the importance of online optimization for brands. Visual appeal and strategic positioning are critical in capturing the attention of digitally savvy consumers seeking Spring Cleaning solutions.🌱 **Innovation & Sustainability:** Looking ahead, innovation and sustainability will be key drivers of success. Adapting to evolving consumer demands and offering eco-friendly options can enhance brand appeal and resonate with conscientious shoppers.Let's make this Spring Cleaning season one of growth and prosperity! #SpringCleaning #ConsumerTrends #RetailMediahttps://lnkd.in/diUtW_Rs

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We concluded our latest webinar focusing on Outlooks and Branding in the Home Improvement Market. If you missed it, you can access the recording here: ➡️ https://bit.ly/3LBTo85 Here are some highlights from the webinar:· In Q1 2024, there has been a 5% increase in consumers undertaking home improvement projects compared to Q1 2023· Looking at spending outlook, more consumers anticipate higher expenditures in 2024 than in 2023. Italian consumers are the most optimistic, while German, Swedish, and Dutch consumers are the least· Branding plays a crucial role in the home improvement market due to challenges in product differentiation, price sensitivity, prominence of private labels, growth in online shopping, and price comparison tools· Consumers are showing a more favourable attitude towards private labelsKeep an eye out for our upcoming webinars to delve deeper into how these trends will shape the home improvement sector in the coming years!

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In today's marketplace, home improvement companies face a competitive landscape driven by evolving consumer expectations, technological advancements, and shifting industry trends. In this context, it is crucial for home improvement companies to have a unique offer for several reasons:1. Stand Out in a Saturated Market: The home improvement industry is saturated with numerous companies offering similar services. Having a unique offer allows a company to differentiate itself from competitors, making it easier for consumers to identify and remember the brand.2. Competitive Advantage: A unique offer provides a distinct advantage over competitors, helping a company to attract and retain customers. Whether it's exceptional customer service, innovative technology, or specialized expertise, a unique offer sets a company apart from others vying for the same customers.3. Value Proposition: In today's marketplace, consumers are looking for value beyond just the price. A unique offer allows home improvement companies to communicate their value proposition clearly, conveying what sets them apart and why they are the best choice for potential customers.4. Build Brand Loyalty: A unique offer has the potential to create strong brand loyalty. When customers perceive a company's offer as unique and valuable, they are more likely to remain loyal and advocate for the brand, leading to long-term success and sustainability.5. Adapt to Changing Consumer Preferences: With changing consumer preferences and lifestyle trends, a unique offer allows home improvement companies to stay relevant and appeal to the evolving needs of their target audience.6. Innovation and Differentiation: In a dynamic marketplace, innovation is essential for growth and sustainability. A unique offer enables companies to innovate and constantly evolve their offerings, ensuring that they remain ahead of the curve and continue to meet the changing demands of consumers.7. Attract Diverse Customer Base: A unique offer can also help home improvement companies attract a diverse customer base by appealing to different segments of the market with tailored solutions, thereby expanding their reach and market penetration.In essence, having a unique offer in today's marketplace is instrumental for home improvement companies to not only survive but thrive. By identifying and emphasizing their distinctive value propositions, companies can effectively capture the attention of consumers, differentiate themselves from competitors, and foster long-term success in an increasingly competitive industry landscape.#success #leadgeneration #roi #roistrategies #business #homeimprovement

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