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Mintel forecasts DIY sales slump over next 5 years
02 May '06
2 min read
DIY retailers are also focusing their product and service offerings on the baby boomer market, who are predicted to buy everything from high-end furniture to small barbecues at DIY stores.
Home Depot's recent acquisition of online company; Home Decorators Collection sets the stage for more expansion opportunities that can attract this key group.
Boomers growing into the 50-65 year-old bracket will cause that segment to be the fastest growing age group in the U.S. until 2010, and Mintel predicts that installation services sales and one-stop shopping will increase as this market seeks more "do it for me" purchases.
Mintel is a worldwide leader of competitive media, product and consumer intelligence. For more than 35 years, Mintel has provided key insight into leading global trends.
With offices in Chicago, London, Belfast and Sydney, Mintel's innovative product line provides unique data that has a direct impact on client success.
Home Depot's recent acquisition of online company; Home Decorators Collection sets the stage for more expansion opportunities that can attract this key group.
Boomers growing into the 50-65 year-old bracket will cause that segment to be the fastest growing age group in the U.S. until 2010, and Mintel predicts that installation services sales and one-stop shopping will increase as this market seeks more "do it for me" purchases.
Mintel is a worldwide leader of competitive media, product and consumer intelligence. For more than 35 years, Mintel has provided key insight into leading global trends.
With offices in Chicago, London, Belfast and Sydney, Mintel's innovative product line provides unique data that has a direct impact on client success.
Mintel International Group Ltd
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