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Flooring sales still surging
April 25, 2022
Flooring sales continue to surge to record levels, defying increasingly gloomy forecasts for the economy and household spending,
Latest data from the Office for National Statistics (ONS) for March says sales were 26.8% higher than February, 155% higher than March 2021, up 160% on March 2020 and 105% higher than March 2019.
The data represents a 14-year high for flooring sales and the March figures are only the second time monthly sales have been above £280m.
Anecdotally, supplies report some flattening out on demand during April but the strength of this performance shows the strength of the pandemic's "pent-up demand" order book.
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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.
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