Market punishes Cashbuild for its drop in revenue
Bad news for building material retailers as households’ discretionary spending is eroded
18 October 2022 - 19:19
Building material retailer Cashbuild could be in for another tough financial year after its first-quarter revenue fell 4% year on year, suggesting that the DIY market is still taking strain following the lifting of lockdown restrictions.
The DIY market was one of the few bright spots during the early days of the pandemic when people were confined to their homes, with many undertaking home improvements. But the trend has since reversed as many people having returned to the office...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.