A new report by market analysts Mintel has found that two million people have abandoned DIY over the last two years.
This is reported as being partially caused by the number of people aged 45 – 54 who spend time doing DIY dropping from 30% to only 15%. It also reports that a rise in the popularity of flat-pack furniture and the declining skills amongst young people could be to blame. According to Mintel, people are far more inclined to spend their money on travel and relaxation.
A Mintel spokesman, Neil Mason, said “DIY retailers have been losing share of all retail sales because of the ageing population being less inclined to do DIY, the growth of a do-it-for-me market, and a change in attitudes to the home. There has been a perceptible shift in consumer priorities away from the home and towards leisure – particularly holidays and fashion.”
See our Other Great Content