[size=85:uxste1l0]Regal 23 July 2010

The decline in European traders in the sector DIY continues

One of the biggest traders in the sector DIY reported drop in sales in the second quarter because of bad data still on different markets, said Reuters. "
Company "
Kingfisher"
(Kingfisher), which is the largest European market in the sector reported 0.8 percent decline in sales during the second fiscal quarter.

Deteriorating due to extremely poor performance in Britain, reports Reuters. According to the agency's worse is the data and the second largest chain in Germany - Praktiker "
(Praktiker), which has business in Bulgaria. During the second quarter, the company reported 8.4 percent decline in sales, but the explanation is bad weather in April and May.

In recent months, there is evidence to revive the market, but still forecast, companies are cautious. In some European countries there are signs that consumer spending increased.

For example, the UK official statistics showed that June retail sales rose by 0.7 percent compared to May, this is mainly due to the effect on black technique along the World Cup. However, consumer confidence remains fragile because of government measures in many countries to reduce costs and increase taxes reported Reuters.

"
Consumer spending remained under pressure especially in Britain,"
said chief executive of Kingfisher, Ian Cheshire, is still wary of estimates for a possible increase in demand.

From Praktiker reported that reserve estimates for significant improvement this year introduced a plan for cost reduction of the company. Around two thirds of company revenue comes from Germany market, and others - from Eastern Europe, reports Reuters.

Last year was the worst year for retailers in the sector "
DIY in the last 15 years. Crisis because the companies reported a reduction in all major markets and across all product categories. On the one hand, it came from the sharp drop in the construction sector, on the other - that the users separated less money for larger purchases.