Sales by D-I-Y chains suffer drop as result of economic crisis

A trade magazine and survey agency have revealed a drop in sales for the five largest D-I-Y chains in the chains in the Czech republic last year, including OBI, Hornbach and others. Czech clients spent a reported 2 billion crowns less on tools and Do-It-Yourself goods year-on-year, for a total of 27.6 billion. D-I-Y, known as ‘hobbymarket’ in the Czech Republic, is popular in the country especially among cottage and home owners. According to the reports, the drop in sales was related to Czechs’ saving more in response to the economic crisis.

Author: Jan Velinger