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DGAP-News: HORNBACH Baumarkt AG: Inspiring customers and passing on the fire

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DGAP-News: HORNBACH Baumarkt AG / Key word(s): Miscellaneous
HORNBACH Baumarkt AG: Inspiring customers and passing on the fire

27.09.2018 / 11:02
The issuer is solely responsible for the content of this announcement.



PRESS RELEASE


Inspiring customers and passing on the fire

Hornbach thanks its customers on the 50th anniversary of opening its first DIY store and garden center / Starting immediately, the permanent low price policy will apply 30 days after purchase as well / German stores are holding numerous workshops and presentations to mark the event

Bornheim, September 27, 2018. Hornbach Baumarkt AG is celebrating the 50th anniversary of opening its first DIY store and garden center in Bornheim bei Landau in the Palatinate region with a clear commitment to its own strengths and a big thankyou to its customers. Numerous workshops and presentations offered free of charge through to December at all the company's locations in Germany will focus on the skills and competencies customers need to tackle a wide variety of projects in their homes and gardens. Instead of offering anniversary discounts, the company is extending its permanent low price guarantee. Should the price of a given article be reduced within 30 days of purchase, then Hornbach will with immediate effect automatically credit the difference. And that not only in the anniversary year, but on a permanent basis.

On September 27, 1968, Otmar Hornbach opened the company's first "DIY superstore" in Bornheim bei Landau in Germany's Palatinate region. The store had sales areas of more than 4,000 square meters, making it exceptionally large by the standards at the time. As well as size, another aspect also caused a stir in the emerging do-it-yourself sector - combining the DIY store with a garden store was a remarkable pioneering act in Europe, and one that quickly became standard across the sector. "That was a prime example of the courage needed to press ahead with innovations and purposefully move into forward-looking business fields. That approach runs like a common thread through all stages of our company's development", comments Otmar Hornbach's son Albrecht, who together with his brother Steffen is now the fifth generation of the family to manage the company since its foundation in 1877.

Consistent alignment to the needs of project customers

The Hornbach Group now has more than 20,000 employees and operates 158 DIY stores and garden centers in nine countries across Europe. Its product range, advice, prices, services, and stocking policies are all deliberately targeted at the needs of DIY enthusiasts and professionals planning to tackle projects in their homes and gardens. This strategy has been honed with further pioneering acts, such as the launch of the warehouse concept to ensure permanent availability of the larger volumes of goods needed for projects, and the development of the drive-in concept enabling customers to conveniently transport heavy and bulky goods. "We see ourselves as the top address for projects and are consistently working to enhance our successful concept. The sixth generation is already getting ready to pass on the fire", comments Albrecht Hornbach, CEO of Hornbach Management AG. At present, the company is working on digitizing its retail format and is pursuing this project with absolute determination and great willingness to invest. By dovetailing its stationary and digital services, the company is providing customers with new and additional opportunities to prepare and implement their projects in precisely the way they want. Customers have recently been enabled, for example, to configure and order woodcutting services at the store by placing online orders from the comfort of their own homes.

Hornbach sees to the price comparison - now on a post-purchase basis as well

One key pillar of the company's project strategy is the permanent low price commitment introduced in 1998. The company claims price leadership for itself, and this claim extends both to the DIY sector and to offerings at discounters and online retailers. Hornbach foregoes discounts and campaign prices, but rather guarantees permanently valid low prices that are compared with competitors' offerings on an ongoing basis. "We want customers to be able to buy all they need at one location, and that quickly and conveniently, and without having to waste time on extensive price comparisons and useless journeys to various providers", explains Karsten Kühn, a member of the Board of Management of Hornbach Baumarkt AG. With immediate effect, the company will even see to the price comparison on a post-purchase basis as well. Should Hornbach cut its prices up to 30 days after the purchase, then it will credit the difference to customers. The price comparison covers all goods ordered online or recorded electronically at the stationary stores and deposited in customers' free accounts. The difference will be credited automatically and the customer will be informed by mail and can use the credit when next purchasing goods at the store or online. "This extended strategy is not a marketing measure, but rather a further component of our strategy to build long-term customer relationships based on honesty and fairness", adds Karsten Kühn.

Free workshops and presentations at stores

To celebrate the anniversary, Hornbach will be offering even more inspiration, guidance, and passion for projects. From September through to December, all Hornbach stores in Germany will be offering individual programs of events for their customers. Workshops will focus on topics such as building furniture, renovating walls, and new wallpapering techniques. Individual locations will also offer children's workshops. Customers can find out more about the programs at their stores at hornbach.de/ veranstaltungen.

Images:
Current company images and high-resolution historic images of the first DIY store and garden center can be downloaded from the media center at hornbach-holding.de. The latest group pictures with members of the Board of Management at the store will also be available from around 2.00 p.m. on September 27.

About Hornbach:
HORNBACH is an independent, family-run listed company. In the 2017/18 financial year (balance sheet date: February 28, 2018), it increased its (net) sales by 5.1 percent to more than Euro 4.1 billion. Founded in 1877, HORNBACH is the only DIY sector player with a history stretching back six generations. It currently operates 158 DIY stores and garden centers and online shops in nine countries across Europe.

HORNBACH's sales concept and product ranges are fully aligned to the needs of project and professional customers. The company guarantees permanently low prices to its customers and is thus the price leader in the sector. The quality of advice and excellent service it provides to customers have been documented in numerous independent tests and studies.

With pioneering achievements, such as the first combined DIY store and garden center (1968), the first megastore (1980), and the first DIY store with a drive-in facility (2003), HORNBACH has repeatedly demonstrated its power of innovation. The company has also acted as a jobs motor for decades, with more than 20,000 employees now working to advance its success.


Contact:
Axel Mueller
Group Communications and Investor Relations Director
HORNBACH Holding AG & Co. KGaA
Tel. +49 (0) 6348 602444
axel.mueller@hornbach.com


27.09.2018 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
Archive at www.dgap.de


Language: English
Company: HORNBACH Baumarkt AG
Hornbachstraße
76878 Bornheim bei Landau/Pfalz
Germany
Phone: +49 (0)6348 / 60 00
Fax: +49 (0)6348 / 60 40 00
E-mail: info@hornbach.de
Internet: www.hornbach.de
ISIN: DE0006084403
WKN: 608440
Listed: Regulated Market in Frankfurt (Prime Standard); Regulated Unofficial Market in Berlin, Dusseldorf, Hamburg, Munich, Stuttgart, Tradegate Exchange

 
End of News DGAP News Service

727649  27.09.2018 

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Nachrichten zu HORNBACH Baumarkt AG

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Analysen zu HORNBACH Baumarkt AG

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23.01.2017HORNBACH Baumarkt buyHauck & Aufhäuser Privatbankiers KGaA
29.11.2016HORNBACH Baumarkt buyCommerzbank AG
24.10.2016HORNBACH Baumarkt buyHauck & Aufhäuser Privatbankiers KGaA
10.10.2016HORNBACH Baumarkt buyJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
29.06.2016HORNBACH Baumarkt buyHauck & Aufhäuser Privatbankiers KGaA
23.01.2017HORNBACH Baumarkt buyHauck & Aufhäuser Privatbankiers KGaA
29.11.2016HORNBACH Baumarkt buyCommerzbank AG
24.10.2016HORNBACH Baumarkt buyHauck & Aufhäuser Privatbankiers KGaA
10.10.2016HORNBACH Baumarkt buyJoh. Berenberg, Gossler & Co. KG (Berenberg Bank)
29.06.2016HORNBACH Baumarkt buyHauck & Aufhäuser Privatbankiers KGaA
22.01.2013HORNBACH-Baumarkt-AG haltenCommerzbank AG
29.03.2007HORNBACH-Baumarkt haltenGSC Research

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