FALTERING DIY and new-build markets have hit sales at Huddersfield paving stone firm Marshalls as households rein in spending.
The Birkby-based company said the commercial and public sector market, accounting for almost 60% of revenues, remained robust, but domestic sales were “quieter”.
The division saw comparative sales fall 10% in the first half of the year as DIY was hit by a difficult Easter and the slower new build housing market.
DIY accounts for 8% of overall sales, with new build representing 6%.
Marshalls’ overall sales fell 5% in July and August but has acted to cut costs by bringing forward plans to close concrete manufacturing bases at Cannock in Staffordshire, and Sawley in Nottinghamshire, with the loss of about 200 jobs or 7% of the group’s workforce.
Chief executive Graham Holden said: “We have taken decisive action to ensure that we emerge stronger when markets improve.”