Home and garden in the UK experienced a marginal increase in current value sales in 2023 following a decline in 2022, which was due to a confluence of economic headwinds that significantly impacted consumer spending. The increasing inflation rate, which resulted in a cost-of-living crisis, forced households to tighten their budgets.
The lingering effects of the pandemic and geopolitical tensions continued to disrupt global supply chains in 2023. This resulted in potential product shortages, delays in deliveries, and increased lead times for certain home and garden items.
In 2023, Ikea Ltd and DFS Furniture Co Ltd retained their lead in the highly fragmented competitive landscape of home and garden in the UK, with both recording value growth and share gain. These performances can be attributed to their investments in competitive pricing strategies amid economic uncertainty prevalent in the local market, which allowed them to effectively cater for the needs of their customers.
In 2023, there was a shift back towards e-commerce, although the channel’s share remained marginally below 2020’s historic highs. Nevertheless, many retailers have adopted a strong omnichannel approach to sales.
Value sales of home and garden (at constant 2023 prices) in the UK are set to be under pressure over the forecast period, especially in 2024. With the lingering effects of high inflation, value-driven solutions are likely to remain at the forefront of consumer priorities.
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Home and Garden
This project has a strict focus on sales to consumers only. Trade and professional sales are excluded. Home and garden refers to gardening, home improvement, homewares and home furnishings.
See All of Our DefinitionsThis report originates from Passport, our Home and Garden research and analysis database.
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