Floorcoverings supplier James Halstead says it will not bid for smaller rival Airea after all. It ends a period of speculation that it may acquire the Burmatex brand owner.

Flooring and wallcoverings retailer Topps Tiles says it wants to continue building out its store footprint, and has identified up to 25 "priority new store opportunities."

Shirley Jackson, operations director at North West manufacturer Penthouse Carpets, has been promoted to managing director.

"We are delighted to have received such strong support," said CEO Wilf Walsh
Carpetright's turnaround plans gather pace today with the chain launching its fully underwritten share issue that will net the retailer £60 million, half of which will be invested in stores and online.

Carpet maker and distributor Furlong Flooring more than doubled profits last year as it found cost savings and expanded margins. Turnover declined.

Ball & Young, which supplies underlay used in the installation of new floorcoverings, said it absorbed the rising cost of raw materials last year.

Belgian carpet imports into the UK are off double-digit so far this year but the overall total remains flat, after others made up the shortfall.

Carpetright, the UK's largest floorcoverings retailer, has agreed a new £15 million loan from Meditor Capital Management, its largest shareholder.

Mohawk operates dozens of brands worldwide, including Quick-Step
Sales outside North America jumped 18 percent for Mohawk Industries, the world's biggest floorcoverings supplier, in the first quarter of 2018.

The company behind the Flooring Republic brand has been placed into administration with the office holders saying they await information regarding the chain's 20-store network and business.

Shareholders have joined creditors in backing Carpetright's CVA plan
Carpetright, the embattled floorcoverings market leader, says its performance has worsened as a result of the tough market and publicity surrounding its store closure plan.

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Creditors have backed Carpetright's CVA proposal
Carpetright has convinced landlords to back its Company Voluntary Arrangement (CVA) proposal, the first step on its turnaround path.

Carpetright's biggest shareholder has near doubled its position in the flooring chain ahead of its CVA vote later this week.

The Netherlands and Turkey sent more carpets to Britain as February imports gained on the same month last year according to new HMRC data.

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Landlords will be asked to back CVA plan later this month
Carpetright will ask creditors to back a CVA that would see it this autumn close 81 stores, on top of 11 that have already ceased trading, and cut rents on a further 113.

Floorcoverings supplier James Halstead says it is considering acquiring Airea, the owner of the Burmatex contract flooring business.

One of the launch directors of fast-growing flooring retailer Tapi Carpets has left the business to pursue a new challenge.

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Carpetright's Purley Way, Croydon store, one of the first to be refurbished under current management
The shareholder and lender that agreed to loan Carpetright £12.5 million over the next six months now owns one sixth of the company.

Flooring market leader Carpetright has agreed a short-term loan with one of its shareholders ahead of a plan to raise new capital and cut store numbers via a CVA.

Ryalux has been trading since 1970. It will close at the end of April
Ryalux, the manufacturer known for being able to produce carpets in any width and any colour, is to close.

Tough market and rising costs conspire against Lancashire carpet manufacturer

Carpet imports increased for the third straight month in January
Flooring importers upped carpet inventory in January in a sign UK producers may be suffering more than overseas suppliers.

The company behind the Flooring Superstore brand built out sales and profits in 2016–17 ahead of it upping its multichannel presence.

Like-for-like sales in the UK fell 6.7 percent in January, Headlam said
UK like-for-like sales have fallen in January and February according to Headlam, Britain's largest floorcoverings supplier to the retail trade.

Headlam, the UK's largest flooring wholesaler to the retail trade, has agreed to buy Dutch distributor Dersimo in a move that expands its presence in mainland Europe.

Three-store retailer transferred outside of flooring supply group.

Carpetright, the UK's largest floorcoverings retailer, says it has begun proactive discussions with lenders after sales remained below expectations and that it would report a loss for 2017–18.

H. Dawson hoping to tie-up refinancing deal with HSBC and other lenders
H. Dawson Sons & Company, the Yorkshire wool supplier which acquired a controlling stake in Axminster Carpets in 2016, is close to refinancing its debts, according to new accounts.

December carpet imports advanced 4.9 percent year-on-year as wholesalers and retailers built stock levels ahead of the Christmas trading period.

North London rugs distributor Asiatic Carpets posted a fifth straight rise in sales and almost doubled profits in 2016–17.

Brintons sales and profits advanced as the Kidderminster carpet maker gave up some of the detail of its secondary buyout last summer.

Victoria, the acquisitive carpet and flooring supply giant, has offered an upbeat assessment of current trade in a sign the market may be stronger than others have indicated.

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Profits warning at Carpetright after tough trading over the festive season and into the New Year
Market leader Carpetright has warned on profits after reporting a sharp fall in post-Christmas sales including declines across both flooring and beds.

Flooring distributor Headlam said trade picked up in the final two months of 2017 after weakness between July and October. It also announced a new chairman, replacing Dick Peters.

Carpet imports declined on weak data from the UK's biggest trading partner going into the peak seasonal period, according to new HMRC data.

Flooring market leader Carpetright has challenged the use of imperial measurements to create the impression of bigger savings in promotions by rival retailer United Carpets.

The Carpet Foundation, the industry funded body that promotes the sale of carpet in the UK, has formally applied for alternative dispute resolution (ADR) approval.

British trade carpet buyers built inventory of Belgian-made products as the third quarter began but the uplift could be short-lived.

Flooring wholesaler Headlam Group is to acquire tile distributor and contract specifier Domus Group in a deal worth up to £35.4 million.

Long-term backer Business Growth Fund (BGF) has exercised its outstanding share options in Victoria, the expanding floorcoverings group.

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