The benefits of buying up rival carpet and flooring companies is paying off according to Victoria PLC, which says FY earnings will beat expectations.

Carpetright says full year profits will be ahead of expectations after it traded strongly in the final three months of its financial year.

North West carpet manufacturer Penthouse said new product introductions and POS material were behind a big uplift in performance in 2013–14.

Management at Whitestone, Westex and Abingdon — the three companies acquired by Victoria PLC in the past 15 months — have increased their stake in in the group.

International floorcoverings conglomerate Forbo says switching its attention to the commercial market is paying off and making up for weakness elsewhere.

Carpet imports reached a seven year high in January, according to Government data.

A bolt-on acquisition will support major flooring distribution group Carpet & Flooring’s expansion plans through 2015 after soft market conditions last year.

The group behind carpet producers Ryalux and Burmatex said it enjoyed top and bottom line growth in the six months to end December.

Interfloor, the company behind the Duralay and Tredaire trade brands, has named John Cooper as its new managing director.

Flooring wholesale group Headlam grew profits by 44 per cent in 2014 as sales climbed 5.3 per cent to £635.2m.

franksFlooringStore25-store flooring and beds chain Franks posted record sales and maintained its near double-digit pre-tax margin as it traded strongly in 2013–14.

Darren Shapland — who led flooring chain Carpetright for a brief spell two years ago — is returning to the industry as chairman at Topps Tiles.

Westex Carpets’ first numbers under the Victoria PLC group are as stellar as those that preceded them, with bumper sales and profits for the Yorkshire firm.

Mohawk Industries posted sales up 6 per cent to $7.8bn — or just under £5.1bn — in the 12 months to end December as the effects of higher demand and acquisitions kicked in.

carpetShowroomFormer Carpetright development director Martin Harris — son of the chain’s founder Lord Harris — is planning to launch a floorcoverings retail chain of his own.

Britain’s biggest online flooring retailer says it has invested heavily to negate the impact of a change in the way search giant Google ranks websites.

brintonsCarpet giant Brintons said it has invested heavily in high definition technology though restructuring costs of nearly £4m hit profits.

Carpets and floorcoverings manufacturer and distributor Victoria has made its second share issue to retailers as part of its plan to encourage them to sell more of its goods.

Underlay and flooring accessories giant Interfloor narrowed pre-tax losses as it benefitted from consolidation.

Flooring and beds franchise retailer United Carpets says its small format high street stores are performing well and it may open a few more in the next year.

Profits grew 62 per cent at floorcoverings giant Abingdon before the business was sold to the Victoria carpets and flooring group this autumn.

Flooring chain Carpetright is to roll out an interest free credit offer across its store portfolio following a successful trial.

Carpet manufacturer Brockway enjoyed double-digit sales growth in 2013–14 though weaker margins hit profits.

Designer Contracts will near treble the size of its central distribution depot with a move to a larger site in the Midlands next spring.

The owner of carpet firms Ryalux and Burmatex has announced plans to buy up the shares of its smallest private investors.

Lower costs and stronger margins helped national flooring chain Carpets4Less to grow profits by a quarter in 2013–14.

topps-tiles-fascia-coEarnings grew strongly at wall and floor tile retailer Topps in the year to end September as year-on-year sales climbed almost 10 per cent.

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