You can understand why extensions and refurbishments are very much to the fore with home-owners during these difficult Brexit house price affected times, when even one of UK’s giant brand names is ‘on the move’ into the home extensions and re-furbishment biz – yes its true..apparently.
We at Mint, of course, always welcome competition and as demonstrated here on this blog, we have been very much ‘on the case’ this past couple of years with our home extensions and refurbishments activity in Cheltenham and the Cotswolds.
It’s a fact that for the past 24 months or more, home-owners have been going for a home extension or re-furb when they need more space, rather than face the uncertain Brexit-affected house prices and try to make a move to a new property.
Reported the BBC recently “The big brand John Lewis is planning to expand its offering from furnishing homes to extending and renovating them. There you go! The employee-owned business indicated to ‘the Beeb’ that it wanted to be involved in every area of home improvement from room design to construction.
home improvement ‘biz’
John Lewis apparently already runs a booking site for tradespeople called Home Solutions – people like us at Mint presumably? Now, last year John Lewis acquired a home improvement firm called Opun. This has now started rumours that it is planning on bringing both of those services under one roof to design and build extensions, loft conversions and install and refurb bathrooms and kitchens as well!
Since it was acquired by John Lewis a while back, Opun, which undertakes large-scale construction projects, had been operating independently. But, now says the BBC, the plan is that it will work alongside the John Lewis’ Home Solutions Service -and operate a complete extensions and refurbs service.
John Lewis director, Sean Allam indicated that the deal to buy Opun demonstrated the department store’s ambition to grow in the home services market. The firm is now looking at how best to bring these services to its customers. Both Opun and Home Solutions sit in a part of the business that is supposed to create new products for both John Lewis and Waitrose, which is also part of the partnership.
It is suggested John Lewis have made this move because they have had a difficult trading year in 2018. Profits apparently dropped by more than 45% to £130m, as department stores fought to stay relevant in the face of competition from all kinds of online retailers.
It seems new approaches to the home extension and refurbishment was the way to go as they saw it, but experts think moving into the extensions arena won’t be a quick fix for the giant JL company.
A retail analyst Richard Hyman told the BBC apparently, that building up the home improvement business was unlikely to make a difference to short term profitability at John Lewis. He suggested John Lewis’s situation was probably a response to a slowdown in the housing market linked to an extent to the Brexit tangle – in other words the same scenario which has in turn boosted Mint’s Home extension business over the past two years or so – now there’s a funny thing!
more than occupied
But, be clear though, we at Mint are not going to open a Department store or two. The current climate house-prices wise, very much suggests we’ll be more than occupied with our current home extension and refurbishment activities on into the Autumn and the year beyond. No time for opening shops for us!
Refurbishment, improvement and extension of your home. Mint offers a full development and finishing service to add value to your home. We are here to help with any questions or concerns you may have. We have all the expert contacts on hand to help you.
Whatever your need, please request your quotation to improve, refurbish or extend your home . Contact Mint Builders on 01242 279739 or email email@example.com