Flooring Industry News
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Construction is underway at distribution centres in Scotland and the Midlands as national flooring wholesaler Likewise Group looks to double its logistics capacity this year.
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- FLOORCOVERINGS
Wood flooring specialist Havwoods will open its second store this year and its fifth overall as it continues expanding its retail footprint in wealthy parts of the country.
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National floorcoverings distributor Carpet & Flooring has appointed a new md with a raft of home improvement industry experience following the planned departure of longtime leader Lisa Tomlin.
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The group behind regional carpets chain Wilsons and national ecommerce flooring brands such as Online Carpets landed bumper profits in the first figures since it reorganised under a single entity.
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A seven-figure reorganisation saw Ireland, Northern Ireland and Scotland wholesaler Flanagan Flooring bring a property investment joint venture under its control last year.
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Britain's biggest carpet maker held almost four times the value of raw materials at the year end as it invested heavily to enable it to meet surging demand for its products and deliver its highest ever profits.
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Britain's biggest flooring wholesaler will enable independent retailers and one-man-and-a-van installers to hit sub-£15sqm price points after launching a new brand with a supporting micro-site.
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Directors at carpet yarn spinner Lawton Yarns have completed a management buyout (MBO) of the company, ending the two year stint under the ownership of London private equity group Breal Capital.
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Revenue jumped to nearly £90 million and losses were reversed for the U.K.'s self-described largest independent floorcoverings distributor last year.
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- RETAIL & DISTRIBUTION
Upholstery and flooring retailer ScS says Andy Kemp will join its board as non-executive director next year ahead of the planned departure of one of its existing officers.
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The value of carpets imports dropped by almost a fifth at the start of the second quarter while volumes were down at nearly twice that rate on a year-on-year basis.
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Floorcoverings suppliers and their customers must work in unison amid rising prices and an expected fall in demand, according to a worldwide collective representing companies in the sector.
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Floorcoverings conglomerate Mohawk Industries has agreed to buy the Vitromex ceramic tile business from Grupo Industrial Saltillo (GIS) in an all-cash deal worth about $293 million (£235m).
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Mike Scott will retire as chief financial officer at diversified flooring conglomerate Victoria later this year after six years in the role. His replacement joins from outside the industry.
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Historic manufacturer Ulster Carpets has become one of just four carpet makers and six flooring companies to have been granted a Royal Warrant by The Queen.
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Buy-and-build flooring group Likewise says it has established a trade brand in most geographical areas of the U.K. as new results confirm its annual revenue run-rate has breached nine-figures for the first time.
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Cost cutting and a five percentage point improvement in gross margin lifts Wiltshire carpet group back into profit after a circa £300,000 bottom line turnaround.
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The U.K.'s largest flooring wholesale group believes ecommerce and a growing cohort of multiple retail customers can help it counter a weaker market this year.
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Circa £16 million turnover Midlands 3PL and group logistics provider targets early next year to be fully operational.
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The value of carpet imports advanced in high single digit percentages in March, masking a fall in the quantity of goods arriving at U.K. borders. Turkey proved the exception, delivering an increase on both counts.
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The carpet and rugs business bought by Victoria in a carve-out of Balta Group's operations booked thinner margins in the first quarter as higher costs countered the impact of rising sales.
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Decision, widely anticipated, follows divestment of certain I.P. and other soft flooring divisions.
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- RETAIL & DISTRIBUTION
National retailer ScS has hired a former Allied Carpets, MFI and Habitat executive to the newly created role of flooring director as it looks to bolster its proposition in the category, The Furnishing Report can reveal.
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- DEALS & FINANCE
The investment conglomerate that bought British furniture wholesaler Julian Bowen last year has strengthened its home interest portfolio with the acquisition of a compatriot floorcoverings company.
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- RETAIL & DISTRIBUTION
One of the U.K.'s largest privately-owned retailers of furniture and flooring sold on a weekly instalment basis has expanded its sofa manufacturing facility.
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Mohawk Industries, the world's largest floorcoverings company and a major supplier to the U.K. market, says it anticipated supply chain challenges resulting from the Russian invasion of Ukraine ahead of time to eliminate production downtime.
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- RETAIL & DISTRIBUTION
Nestware Holdings, parent to retailers Carpetright, Flooring Supplies and Flooring Megastore along with wholesaler Carpet & Flooring, has appointed the former strategy chief at Sainsbury's as its new chief executive.
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Major U.K. carpet maker Cormar has welcomed its new managing director into the business, bringing with him a deep knowledge of British and international textile manufacturing.
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- RETAIL & DISTRIBUTION
High-end tiles, wood flooring, bathroom and decorating retailer Fired Earth ended 2021 in stronger shape after its CVA enabled it to almost cut its showroom network in half.
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Flooring group Victoria says its ability to deliver while others couldn't because they were short of stock enhanced its reputation and has led to market share gains over the past year.
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U.K. carpet imports climbed double-digit in February despite flat trade with Belgium, historically the largest trading partner for British buyers.
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Sales jumped by almost half for major rug distributor Flair Flooring last year to help counter the impact of rising costs and inflationary pressures.
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Likewise Group has agreed to buy West Yorkshire flooring distributor Delta Carpets from its private shareholders in a cash and shares deal worth £3 million.
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Fast-growing U.K. floorcoverings distributor Likewise Group has moved to incentivise key officials across the business with the granting of new share options.
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Northwest flooring manufacturer Penthouse Carpets said it achieved a "remarkable performance" in 2020/21 despite a challenging second half to its financial year beset by issues outside its control.
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- RETAIL & DISTRIBUTION
Supply chain challenges in the six months to end January hit ScS' profits but the sofas and carpets retailer hopes to claw that back in the second half as it unwinds its big order book.
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Brintons is facing a potentially expensive demand from a former landlord but the international carpet maker is not unduly concerned about its financial impact.
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Premium wood flooring and wall cladding company Havwoods has opened the first of what it hopes will be a slew of new retail showrooms planned for 2022.
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Revenue declined at carpet maker Brintons last year but EBITDA and its net margin improved and the international manufacturer said business momentum is accelerating.
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January carpet imports into the U.K. jumped almost a third at the beginning of the year on the back of strong figures from the Netherlands, Belgium and India.
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Flooring supplier Headlam Group says it has historically under-indexed in sales to the multiple retail sector, and plans to address that by building a bigger business with larger chains.
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Headlam Group, the flooring wholesaler with 66 business units across the U.K. and mainland Europe, swung back to profit last year on higher revenue and a big swing in gross margin.
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The U.K.'s largest floorcoverings wholesale group has named Chris Payne as chief executive officer with immediate effect, ending a six month hunt for a successor to Steve Wilson. It has also announced a new chairman.
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The Carpet Foundation will launch a national consumer advertising campaign on Monday March 7 with 1.5 million advertisements to appear across a 10-week period spread through the year.
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One of the U.K.'s largest suppliers to the floorcoverings sector has written to customers outlining planned price increases across more than a dozen items ranging from underlays to adhesives.
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- EVENTS
Flooring suppliers have rejected an early autumn Domotex exhibition in Germany in favour of the event returning next January in its traditional dateline.
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European carpet, rugs and smooth floorcoverings manufacturer Balta booked higher profits in 2021, a year that saw it decide to sell more than half of its business.
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A circa £8 million carpet producer is to make a seven-figure manufacturing investment upgrading plant and machinery.
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Former Adam Carpets and Bond Worth director Eamonn Prescott has been named the next chief executive at Greendale Carpets & Flooring, the buying group.
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The giants of mainland European floorcoverings production endured a fourth straight decline in UK. carpet exports to finish 2021 on a sour note.
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Tiles, wood flooring, bathroom and decorating retailer Fired Earth has exited a company voluntary arrangement (CVA) process after its new owner made a one-off contribution in full and final settlement of its obligations.
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Funds managed out of Alabama in the U.S. now own more than 10 percent of flooring supplier Victoria after doubling the size of their investment this week.
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The company behind emerging floorcoverings brand Flooring Superstore enjoyed rapid sales growth last year as it invested the best part of £6 million expanding its retail footprint nationwide.
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A lower cost base helped profits rise for independent flooring retailer Calverts Carpets in 2020/21 despite store closures impacting sales.
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Upholstery and carpets retailer ScS said it has traded well through the important winter sale period and is working with its supply chain to mitigate challenges that have pushed out lead times.
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A rug and mat supplier which has historically listed retailers including Dunelm and John Lewis among its stockist base landed a net margin north of 20 percent as it traded strongly through the first year of the pandemic.
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Yorkshire based ceramic, stone and timber flooring supplier Verona Group is now wholly-owned by the same investment company as retail chain Tile Giant after Travis Perkins disposed of its shares.
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Flooring conglomerate Headlam Group says it is close to naming a new chief executive, ending a four-month hunt for a successor to Steve Wilson.
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Emerging floorcoverings retailer Flooring Superstore plans to grow its store footprint faster this year having opened 17 showrooms through 2021.
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U.K. flooring contractor Designer Contracts has taken on a new cohort of apprentice fitters as part of a continuing plan to directly employ more fitters amid industry-wide shortages.
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The total value of carpets imported into the U.K. fell for a third month in a row in November according to new HM Revenue & Customs data.
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Fast expanding floorcoverings distributor Likewise Group has completed its previously signposted takeover of Valley Wholesale Carpets and installed a longtime industry executive to run the business.
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A corporate reorganisation encompassing Karndean's global interests has revealed the floorcoverings supplier to be far larger than previous disclosures had indicated, and value the group north of £400 million.
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Designer Contracts, the national floorcoverings contractor that majors in supply to the housebuilder market, has invested £500,000 to support its strategy of holding more stock.
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North West retailer and contractor Mears Flooring maintained a double-digit net margin in 2020/21 despite the first lockdown clipping both its top and bottom lines.
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A distributor of underlay and other carpet and flooring accessories has suffered a serious fire at its premises in Tiverton, Devon.
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Sales climbed by more than a fifth for London based rug distributor and wholesaler Asiatic Carpets last year as it benefited from higher home spend among consumers.
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ScS, the national upholstery and flooring retailer, has relocated its Doncaster store to a different retail park in the South Yorkshire town.
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Tapi Carpets & Floors booked the smallest full year loss in its short history last year and by some earnings measures was profitable for the first time as higher sales and lower costs boosted the challenger flooring retailer.
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Kidderminster carpet maker Brockway swung back to profit as lower costs outweighed the impact of a decline in turnover ahead of a new managing director joining in the autumn.
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The U.K.'s largest hardwood furniture retailer Oak Furnitureland will diversify its product offer with the launch of a new programme of bespoke floorcoverings across four new-format stores from Boxing Day.
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A franchisee behind a number of prominent flooring stores in the North East booked large seven-figure profits in 2020/21 despite Covid restrictions inhibiting its ability to trade.
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- MANUFACTURING
The price of raw materials and inputs used in the production of furniture rose to another record level in November according to new figures from the Office for National Statistics (ONS).
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- DEALS & FINANCE
Challenger flooring wholesale group Likewise is to make its biggest acquisition yet after lining up a deal for one of the U.K.'s largest family-owned flooring companies.
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Town planners have approved proposals for a new warehouse for Alliance Flooring Distribution, a division of international floorcoverings conglomerate Victoria.
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Carpet imports fell sharply in October as the final quarter started with weaker data from Belgium, the Netherlands and Turkey.
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Flooring giant Headlam says it hopes its MCD Kidderminster operation will be taking and delivering orders again later this week after its large Worcestershire facility was hit by a serious fire Monday morning.
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A series of buybacks as part of a share consolidation exercise following an earlier take-private deal mean Britain's largest carpets and beds franchise retailer now has a single owner.
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- COMMUNITY
Designer Contracts, the national flooring supplier to the house-builder market, is to sponsor the services of Childline for a day next month. It is the fifth time it has done so.
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Flooring supplier Victoria is to enter a new product segment after it agreed to buy the rugs division of Belgium's Balta Group. It will also acquire its U.K. polypropylene carpet and non-woven carpet businesses, plus the Balta brand.
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Upholstery and flooring retailer ScS said autumn order intake declined against tough comps while supply chain issues and changing consumer priorities are impacting demand. It has agreed deals with new U.K. suppliers to cut lead times.
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- ECOMMERCE
Mandated store closures gifted sales to ecommerce retailers through the early months of the pandemic but the momentum has slowed in 2021 as U.K. shoppers returned to brick-and-mortar retail environments.
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Acquisitive U.K. flooring company Victoria has confirmed it is in discussions with Balta regarding the buyout of an unspecified constituent part of the Belgian flooring conglomerate.
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Headlam, the multi-brand flooring wholesale conglomerate, has launched a fully-transactional mobile trade app, allowing customers to order products on the go.
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Imports of carpets and rugs into the U.K. declined year-on-year in September, ending a six-month run of annual gains.
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The owner of Quick-Step, the popular floorcoverings brand, will start recycling high density fibreboard (HDF) used in its laminate flooring after a breakthrough in the sustainability process.
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Flooring supply group Victoria is adding further ceramic tile capacity with the acquisition of B3 Ceramics Danismanlik, a Turkey based manufacturer and exporter trading as Graniser.
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The Carpet Foundation, the industry-funded body that aims to lift the profile and boost sales of carpet, is to return to consumer advertising next year.
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Flooring supplier Designer Contracts and underlay and fibre technology brand Texfelt were named winners of the Partners in Sustainability Awards at a black-tie event in London last week.
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Mohawk Industries, the world's largest flooring company, was bullish on demand in a third quarter trading update, but bearish on supply chain constraints that are pushing out lead times and creating input cost pressures.
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Passing input cost inflation through the supply chain to retailers, distributors and end users helped diversified flooring conglomerate Balta find growth in the three months to September 30.
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Beaulieu International Group (B.I.G.), the diversified Belgian industrial conglomerate, is to increase prices worldwide across its entire flooring solutions portfolio.
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Inflation figures released Wednesday made for grim reading. Consumers are paying over 10 percent more to buy furniture than they were this time last year, while manufacturers' input costs are increasing at twice that level.
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The value of carpets and rugs imported into the U.K. continued to rise in August according to new figures, but at a much shallower incline than in the preceding seven months.
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Carpetright, Britain's largest flooring retailer, has made its expert product knowledge the defining message of a new marketing campaign called No one knows more about floors.
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The new owner of Carpet & Flooring (C&F) settled all outstanding debt as part of the buyout of the 11-depot floorcoverings distributor earlier this year.
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Floorcoverings supply giant Headlam is on the hunt for a new chief executive after it announced the departure of Steve Wilson after 30 years with the company.
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The opening of a new East Midlands showroom has taken the footprint of emerging floorcoverings retailer Flooring Superstore to 40 stores nationwide.
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Fast-emerging flooring distributor Likewise Group is planning to pay dividends to shareholders for the first time as it looks to build on a profitability milestone achieved in the first half of 2021.
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A rosier outlook for flooring conglomerate Victoria has prompted S&P Global Ratings to reaffirm its BB rating in a move that may boost bond investor confidence.
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Smooth floorcoverings vendor Unilin Distribution acquired Salesmark earlier this summer.
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Sofa and carpets retailer ScS has partnered interior designer and TV star Laurence Llewelyn Bowen, introducing a new upholstery programme across its stores and online.
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Gains in textile floorcoverings imports were pared back at the start to the second half of 2021 as the carpet trade annualised the resumption of trade after the first lockdown last year.
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The business success and philanthropy of Designer Contracts md and owner Peter Kelsey have been marked with an Outstanding Achievement in the Flooring Industry Award at a ceremony of his trade peers.
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Victoria says it is taking a bigger share of wallet in the U.K. flooring market as a result of its investment in its logistics operation here, citing the impact of its elevated service levels.
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SATRA, the international research and testing organisation, says investment in new state-of-the-art machinery will enable it to meet growing demand for the testing of floorcoverings.
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Headlam, the flooring conglomerate whose 66 business units make it the largest of its type in Europe, says the relative infrequency of consumer flooring purchases have softened the impact of rising prices.
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Victoria, the flooring conglomerate, is to relocate its Alliance Flooring Distribution business unit from Kidderminster to Worcester after agreeing to take a new purpose-built unit just off the M5.
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Storied carpet manufacturer Brintons will next week move into new headquarters for the second time in the past ten years. It will remain in Kidderminster.
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The reopening of retail stores in April and customers pre-stocking in anticipation of demand helped carpet maker Balta find U.K. revenue growth in the first half of 2021.
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Ecommerce retailer U.K. Flooring Direct combined positive operating cashflow with new debt and equity funding in 2019/20 to boost its future growth prospects.
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Karndean, the circa £91 million turnover luxury vinyl tile (LVT) flooring company, is to launch a first-ever television advertising campaign.
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- TRADE & INDUSTRY
British furniture makers are on track to recover all of the lost revenue from a fall in exports last year with a double-digit climb in the value of goods sent overseas in the first six months of 2021.
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Belgian carpet maker Associated Weavers, one of the largest flooring suppliers to the U.K., saw sales decline here through 2020 but at a lesser rate than its compatriots and the overall U.K. market.
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The pandemic clipped the wings of the U.K. upholstery industry more than other furniture segments as the value of the market here last year fell to its smallest level since 2013.
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Input price inflation for British furniture makers increased for an eleventh straight month in July as producers continued to wrestle with never-before seen pressures.
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Shares in Likewise Group, the challenger flooring distributor founded by former Headlam officials including its ex-CEO Tony Brewer, began trading on London's Alternative Investors Market (AIM) for the first time on Wednesday.
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Greenwood & Coope, the business behind the Cormar Carpet Company, could soon announce a new chief executive to lead the country's largest carpet manufacturer.
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Surging demand for floorcoverings helped Belgian and Dutch carpet makers recover lost turnover in the U.K. market in the first half of 2021, though it was Turkey and India that made the largest gains.
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Fast-expanding multichannel retailer Flooring Superstore is on track to hit a half-century of stores by the end of 2021 as it continues to add new showrooms through the summer and autumn.
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Mohawk Industries, the circa £7.8 billion flooring conglomerate, completes takeover of Cambridgeshire smooth flooring wholesaler.
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Weak exports hampered the recovery of West Yorkshire commercial carpet maker Burmatex in the first half of 2021 though stock market listed parent company Airea did report a return to profit.
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Reacting to online demand and the acquisition of an ecommerce marketplace retailer boosted sales at the West Yorkshire company behind the Melrose Interiors brand last year.
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Wholesale giant Headlam says high demand for residential carpets and other floorcoverings has helped mitigate weak figures from the commercial sector.
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Likewise Group, the fast-expanding flooring distributor formed by former Headlam directors, says part of a fresh injection of equity funding has been earmarked to help fund acquisitions.
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Richard Moore, executive director at Associated Carpet Group (ACG), is to leave for a new role in the U.K. floorcoverings sector after 16 years with the buying organisation.
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A new online marketplace targeting interior designers with samples of fabrics, flooring, wallcoverings and other interior materials is gaining traction, with more 40 brands now signed up.
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The chief executive of United Carpets Group, Britain's third largest floorcoverings retailer, became the sole owner of the Yorkshire based company earlier this year.
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2019/20 figures for Dewsbury based G-Tuft, part of the Victoria group for just over two years.
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Carpet imports rocketed in the spring with the cumulative total for 2021 now overtaking comparable data for 2019 for the first time this year.
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Brintons, the heritage U.K. carpet maker with operations across the world, says it is over delivering against revised financial forecasts as its global hospitality, gaming, cruise and residential markets reopen.
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A reorganisation combining co-owned companies behind a regional carpet and beds chain in the North and a national ecommerce carpet business has created one of the largest privately-owned flooring groups in the country.
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The pandemic delayed the opening of a new distribution centre and ended more than a decade of growth for one of the U.K.'s largest privately-owned carpet wholesalers, but sales bounced back strongly after the first lockdown.
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Floorcoverings distributor Likewise Group says it plans to raise £10 million as part of a move to the Alternative Investors Market (AIM) of the London Stock Exchange.
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Headlam Group, the Midlands headquartered flooring wholesale conglomerate, has moved to reassure customers regarding stock against a backdrop of industry-wide supply issues.
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Flooring conglomerate Victoria has agreed to buy multichannel U.S. smooth flooring distributor Cali Bamboo Holdings for consideration totalling $76.1 million (£55.1m) in addition to the paydown of debt.
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- RETAIL & DISTRIBUTION
Order intake at upholstery and flooring retailer ScS climbed 79 percent on a comparable two-year basis in the two months after its shops reopened this spring.
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Imports of carpets climbed four-fold on last year and were up more than a third on a two-year basis as retailers and distributors looked to satisfy rising demand among end users.
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Pandemic disruption didn't stop the Northern Ireland headquartered company behind the Flanagan Flooring Distributors business finding sales and profit growth in the year to end September.
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A pandemic-induced loss of revenue in the final quarter of its financial year didn't stop major rug supplier Flair Flooring near maintaining full year sales in 2019–20.
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The acquisition of Arlo & Jacob by upholstery group TCM Living will see floorcoverings added to the retailer's product roster as it leverages wider group manufacturing assets and synergies.
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A combination of selling price increases and supplier negotiations have helped flooring conglomerate Victoria shrug off the impact of rising input costs in a period of never-before seen growth.
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Headlam Group, the flooring wholesale giant, said its residential business helped deliver strong growth on weak comparatives last year and keep revenue within a whisker on a two-year basis.
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Carpetright, Britain's largest floorcoverings retailer, has launched a new format targeting design-led consumers with a store on Tottenham Court Road in Central London. More stores will follow.
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Manufacturers in Belgium, the largest source of foreign-made carpet sold in the U.K., ended a barren run stretching back to September 2019 at the end of the first quarter.
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Flooring wholesale conglomerate Headlam Group has appointed former Wickes CEO Simon King as a non-executive director.
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Belgian carpet manufacturing conglomerate Balta has raised prices in response to input cost inflation and has warned flooring customers that more may follow.
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Victoria, the acquisitive flooring conglomerate, has agreed to buy Dutch artificial grass supplier and carpet backing company Edel Group from its private equity owners.
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Mohawk Industries, the world's largest flooring company with business units across the globe including Britain, says the first quarter of 2021 saw it achieve best-ever quarterly sales.
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Victoria, the diversified flooring manufacturer and distributor, has picked up three Italian tile peers in deals worth a combined €35 million. They are the first, and smallest, of several deals in the pipeline, the company said.
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