Home improvements is likely to be the retailing segment hit hardest by Brexit, as house prices decline, the pound weakens and consumer confidence falls, according to RubinMatthew Rubin, a senior analyst at Verdict. "The previous Verdict forecast for the combined home sectors (DIY and gardening, furniture and floor coverings and homewares) of 2.4% growth in 2016 is now looking less achievable," with already thin margins being pressured further, Matthew Rubin said. Brexit could cause problems for Bunnings, a new entrant in the home improvement arena as it carries out a complete rebranding of new acquisition Homebase.
Home improvements is likely to be the retailing segment hit hardest by Brexit, as house prices decline, the pound weakens and consumer confidence falls, according to Matthew Rubin, a senior analyst at Verdict. "The previous Verdict forecast for the combined home sectors (DIY and gardening, furniture and floor coverings and homewares) of 2.4% growth in 2016 is now looking less achievable," with already thin margins being pressured further, Rubin said. Brexit could cause problems for Bunnings, a new entrant in the home improvement arena as it carries out a complete rebranding of new acquisition Homebase.