Hardware & Home Improvement Stores in the UK Industry Market Research Report Now Updated by IBISWorld

London, United Kingdom (PRWEB) February 19, 2013

Operators in the Hardware & Home Improvementindustry sell DIY equipment, building materials, outdoor and garden equipment, and other hardware products. According to IBISWorld industry analyst Temitope Onabanjo, “a lack of interest in DIY and a growing demand for contractors have placed enormous pressure on industry operators”. This has been aggravated by the sustained economic depression, which has significant reduced consumers' disposable income. Sales of big-ticket items, such as bathroom and kitchen fittings, have been hit the hardest, as consumers are putting major home renovations on hold. This has translated into declining sales for industry retailers. Over the five years through 2012-13, industry revenue is estimated to have decreased at a compound annual rate of 0.7% and now sits at

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