DIY sales fall due to poor summer

Market researcher GfK has said wet weather is causing DIY retailers to have their "worst summer since 2004". DIY spend in July 2008 was £752m, down from £795m in July 2007 and £805m in July 2006.

GfK DIY and garden account director Daniel Fearnley said: "This year, we all hoped for warm weather but no hosepipe ban, to get consumers back into the garden. But the summer sun has not been consistent, which, combined with the credit crisis, means retailers are not banking on the perfect August."

Forecaster Wiseweather said August rainfall will be 130 per cent of the average.


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