After experiencing a boom during the Covid pandemic, when households cooped up at home renovated their interiors and did work, the DIY market could only see a return to normal.
Landing, however, is difficult.
The British group Kingfisher, which owns Brico Dépôt and Castorama in France, announced on Monday an annual net profit worldwide down 25% in 2023. The cause, in particular: difficulties on the French market where its figure Business fell 5.9%.
“
The enchanted parenthesis linked to the health crisis has suddenly closed
,”
summarizes the Xerfi institute, which expects in 2024 a decline in DIY sales of 1.5% again, in France.
Bad news for the major brands in the sector such as Leroy Merlin, Bricorama, Castorama, Brico Dépôt…
“
The market is weaker in France, because consumer confidence is lower there
,” insists Thierry Garnier, general manager of Kingfisher
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