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1.Market Observations

17 Feb 2014 (TheAge, SMH) – Wattly / Valspar paints a brighter picture in its outlook for 2014

(17 Feb 2014, The Age, BusinessDay, p26, Eli Greenblat)

‘Global paints giant Valspar, owner of Wattyl, the No.2 paint brand in Australia, has turned bullish on the local paint market after a sluggish 2013 as armies of weekend do-it-yourself shoppers excited by reality TV shows flood hardware stores armed with colour swatches and renovation dreams. Releasing its latest quarterly result in the US, Valspar said a stabilising housing market in Australia combined with an increase in new dwelling approvals had helped it gain market share in both the retail and professional trade channels, with sales growth turning strongly positive against declines last year.’

Read more at SMH.com.au

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