Cascade of colour
Website Editor • March 22, 2020
Balta has made sure its Satino range of super-soft Imprel polyamide carpets remains high-up on the shopping list of homeowners hunting out luxurious carpets with the introduction of Cascade, as well as colour updates to Exquisite and Royale.
In a colourful palette of 26 tones, including vibrant shades of Green Shimmer, Cliff Dive and Caramel Gold, there’s no doubt Cascade is capturing carpet’s welcome return to colour. With Sand Fossil, Slivery Moon and Winter Chill among others, there’s also plenty of choice for homeowners looking for something a little less adventurous making this polyamide style ready for almost any setting.
Made with Balta’s Imprel Opal yarn to deliver a subtle silk effect aimed at today’s fashion-conscious carpet purchaser, Cascade’s 4/64” Saxony construction enhances the look for a quality that gives a really luxurious mood in the home. With incredible underfoot softness and a 10-year wear promise, Cascade is an exciting addition to the Satino collection.
Alongside the launch of Cascade, Balta has also refreshed the palettes on two of its most popular Satino styles, Exquisite and Royale. Now enjoying colours that reflect the latest home trends, both styles retain the quality that have made them popular for homeowners.
To ensure that Satino maintains its worthy position as a headline product for many retailers, Balta is making updates to the stand with enticing new graphics that offer a more appealing visual identity to the previous Satino branding.
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BUSINESS NEWS
The British Furniture Confederation (BFC), the public affairs umbrella body of furniture and beds, furnishings and flooring sector trade associations, has unveiled its new Plan for Growth. The document is said to support BFC’s advocacy across four key pillars: skills and education; trade and exports; standards and regulations; and the environment and circular economy. It has been developed over the past few months, the organisation says, evolving from a combination of position papers written by the associations’ executives and a comprehensive survey of their collective members.
Consumer card spending grew 1.0% year-on-year in February – lower than January’s 1.9% increase and less than the latest CPIH inflation rate of 3.9%, according to recent figures reported by Barclays. In anticipation of higher bills, consumers are said to be cutting back on essential outgoings, but still prioritising discretionary purchases, contributing to an uptick in optimism in the health of personal and household finances.
Kellars, which describes itself as the largest independent flooring wholesaler in the UK, saw another year of “substantial growth” to July 2024, according to its strategic report for the period. With six depots across the UK and a team of more than 100, the company has reportedly grown at a “rapid rate,” with the year leading up to July 2024 seeing a dramatic rise.
Victoria PLC, an international designer, manufacturer and distributor of flooring, today announces the planned appointment of Alec Pratt to the Group board as Chief Financial Officer Designate, who will replace Brian Morgan after three years’ service as Victoria’s Chief Financial Officer in June.
Based on data from the Office of National Statistics (ONS), carpets and other floorcoverings saw inflation of 0.6% in January, though this is set against a 2.5% fall last month. In January of last year the same category saw a 0.5% decline.
GfK’s long-running Consumer Confidence Index increased by two points to -20 in February. All measures were up in comparison to last month’s announcement.
Mohawk Industries has announced fourth quarter 2024 net earnings of $93m (£71.8m), with adjusted net earnings at $123m (£95m). Net sales for the fourth quarter of 2024 were $2.6bn (£2bn), an increase of 1.0% as reported and a decrease of 1.0% on an adjusted basis versus the prior year.
Likewise Group, a UK flooring distributor, has announced the completion of its purchase of a freehold Logistics Centre in Ivybridge near Plymouth.
VAT and PAYE records from HM Revenue and Customs, compiled by The Furnishing Report, have revealed the number of flooring retailers with sales over £1m reached a record high in 2024.
GfK’s long-running Consumer Confidence Index decreased by five points to -22 in January. According to the organisation, all measures were down in comparison to last month’s announcement.
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