Home centre bankruptcies cleaning up crowded market

Oct 2, 2013

The recession and cautious acquisition strategies by the major home-centre chains have generated a wave of bankruptcies among lumberyards and other retailers selling supplies to the home construction industry.

One in ten such firms has closed in recent years, according to DT Group, which owns the chains Silvan and Stark.

The store closings have cost 350 people their jobs.

Home centres say that with an on-going decline in buisness that sees industry-wide sales currently at 2002 levels, more closures should be expected. DT Group said it had about 50 stores too many.

Børsen

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Home centre bankruptcies cleaning up crowded market

New US Arctic security strategy co-opts Denmark as Russia deterrent

Anti-whaling activist and Greenpeace co-founder Paul Watson arrested in Greenland

Migratory birds bring dangerous ticks to Denmark

Planes grounded in CPH as worldwide IT outage hits airlines, media and banks

CrowdStrike director: IT outage issue “has been identifed”

Foreign labour contributes DKK 76 billion to Danish economy in three months

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How internationals can benefit from joining trade unions

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