Staying ahead
Website Editor • December 18, 2019
Abingdon Flooring has seen continued success and momentum throughout 2019 and is geared up to sustain its success in 2020.
May saw early colour updates and range developments to its StainFree and Wilton Royal brands displayed at the Buying Groups National Flooring Show along with the launch of ‘shop-in-shop’ wall stand bays, lecterns and large format wall graphics.
Satin Touch offers a premium underfoot feel and its quality will be felt for years to come, bringing homes a luxurious and lasting ‘investment’ carpet from the StainFree collection. Consumers looking for high-spec finishes for their home would also want them to be easy to care for, so Satin Touch delivers on both fronts. With a future-ready palette and impressive feel, the new-look Satin Touch is well geared for capitalising on the popularity of bleach-cleanable carpet at a new, premium price position.
Also premiered at the Flooring Show, the USA Collection brings a sense of cool, American metropolis to interiors. A luxury tufted carpet collection that comes in three sumptuous pile weights, the range reflects the aspirational lifestyles of our Atlantic cousins. The USA Collection provides retailers with a luxury range of StainFree carpets that give consumers the flexibility and sumptuous choice that suits their homes and budgets.
“This year has seen our continued commitment to retailers in providing competitive ranges that reflect a growing consumer demand for quality carpets that work in a variety of homes,” explains Martin Peace, sales director, Abingdon Flooring. “Our expertise at combining technology and practical elements has seen success for StainFree ranges, and Sophisticat, Maximus, USA and Satin Touch are proof that StainFree can be offered as a luxury carpet offering.”
“Looking towards 2020, Abingdon Flooring will be maintaining our lead in providing a competitive range and investing in understanding future trends while providing the capability to adapt, predict and create,” Martin Peace concludes.
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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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