One of the UK’s largest DIY, for the younger reader that stands for “do it yourself’, retailers announced this week that it was shutting a quarter of its retail outlets in the next four years.
The stated reason was that young people cannot/don’t want to do their own repairs and decorating.
this rings a few bells and sounds like a partial explanation but I think there are other contributing factors. For instance, young people are not getting their own properties until much later in their life and I suspect the retail sector has got fat and happy and over-supplied the market.
If you have a subscription to the Telegraph you can read the full article here.
Anyway, it makes an interesting example of where generational change might be having a radical impact on the retail channel.