Sales boost for homewares retailers this Easter
Long weekends are a great time to get things done around the house and the upcoming Easter weekend promises to be a DIY opportunity for many Aussies, who are tipped to spend $6.3 billion on home improvements and renovations.
Research by the Australian Retailers Association (ARA), in conjunction with Roy Morgan, reveals the average spend on an Easter DIY project this year will be $852 per person (down 0.5 per cent from last year).
Indeed, with 7.8 million Australians taking on DIY projects this Easter, it will be a busy time for hardware stores and homewares retailers, says ARA CEO, Paul Zahra.
“Despite cost-of-living pressures, DIYs around the house remain particularly popular over Easter, whether it’s an ambitious decoration, a fresh coat of paint or even a gardening blitz,” he says.
“Whilst less spend than last year, avid decorators, gardeners and home enthusiasts are tipped to spend $6.3 billion nationwide.
“It’s the final break many people will have before winter sets in and people who aren’t travelling traditionally use this time to upgrade the home and tackle jobs they’ve been putting off for months.”
Around two-thirds of the DIY spending—$4.5 billion—is set to be in the capital cities while $1.8 billion will be spent in country areas of Australia.