Flooring Industry News
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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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- FLOORCOVERINGS
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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- SUPPLY & WHOLESALE
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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- FLOORCOVERINGS
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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- DEALS & FINANCE
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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- RETAIL & DISTRIBUTION
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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- FLOORCOVERINGS
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
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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- DEALS & FINANCE
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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- RETAIL & DISTRIBUTION
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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- SUPPLY & WHOLESALE
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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- SUPPLY & WHOLESALE
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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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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- FLOORCOVERINGS
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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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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- FLOORCOVERINGS
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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- RETAIL & DISTRIBUTION
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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- RETAIL & DISTRIBUTION
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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- FLOORCOVERINGS
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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- DEALS & FINANCE
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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- RETAIL & DISTRIBUTION
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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Wood, laminate and vinyl floor retailer Factory Direct Flooring has increased capacity after taking a larger Midlands warehouse unit.
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Designer Contracts, the floorcoverings and furnishings supplier to the house-builder market, has taken new hires since January to 25 with its latest appointments.
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Profits more than trebled in the lead up to the pandemic for one of the U.K.'s largest privately-owned floorcoverings companies.
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Carpet and rug imports from Turkey are up more than a quarter in 2021 so far according to new official figures, helping mitigate the continued fall in the value of goods coming in from historic trading partners.
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- FLOORCOVERINGS
The reopening of stores sees fast-growing retail chain Flooring Superstore pick up the expansion baton again as it looks to double in size through 2021.
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The easing of travel restrictions around the world is helping grease the wheels of Victoria's acquisition strategy, with the flooring conglomerate soon to announce new takeovers.
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A Midlands based flooring company that had traded under at least three different retail brand names has been placed into liquidation, owing millions to creditors.
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Rochdale manufacturer Penthouse Carpets said trading was steady ahead of the arrival of the pandemic with the final three months of its financial year hit by the first lockdown.
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Independent flooring retailer and contractor Mears Furnishers strengthened its financial position in the year leading up to the early weeks of the pandemic.
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- FLOORCOVERINGS
Nestware Holdings, part of the Meditor Group that took Carpetright private early last year, has agreed to buy major flooring distributor Carpet & Flooring from its private equity backer Endless. It is its third acquisition in six months.
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- FLOORCOVERINGS
Carpetright will begin a recruitment process to find a successor to chief executive Wilf Walsh, who has become chairman at the retail chain's parent company Nestware Holdings.
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ScS enjoyed a record first half as it delivered orders taken last year but the sofa and carpets retailer has seen a sharp fall in written business through lockdown despite customers pivoting online.
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The chief commercial officer at U.K. Flooring Direct has become chief digital officer in a move that reflects the major flooring retailer's upscaled plans for digital technology investment.
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The slog for Belgium's carpet makers continued at the start of 2021 with Britain's biggest trading partner for the category sustaining another sharp fall in the value of product arriving here.
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Adjusted profits fell high single digits on a near €110 million sales drop for flooring giant Balta last year, with it slipping to a net loss overall after finance costs and non-cash write-downs.
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Headlam, Europe's largest flooring wholesaler, says it will add almost 40 new trade counters over the next four years in response to rising demand from retailers and fitters for click-and-collect.
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A new nylon yarn aimed at residential carpet makers contains 75 percent recycled material and is itself "endlessly recyclable" according to its Belgian proponent.
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- BEDS & MATTRESSES
Carpetright is testing two separate mattress and beds formats across 20 of its stores nationwide and online. It includes a revamped Sleepright proposition and a new retail brand concept called MattressStoreU.K.
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- FLOORCOVERINGS
The West Yorkshire wool supplier that owned heritage carpet maker Axminster until early last year has completed a restructuring process it initiated nearly two years ago to improve its finances.
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Brockway Carpets slipped to a loss last year as a result one-off restructuring costs and the end of its financial year being hit by lockdown and customers such as John Lewis halting carpet operations.
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Flooring manufacturer and wholesaler Victoria has issued £500 million of new bonds, more than 40 percent higher than originally planned after strong investor demand.
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Carpet and vinyl flooring manufacturers and distributors are facing up to supply shortages and cost increases for yarn, PVC and other raw materials with a significant knock-on effect expected for retailers.
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Carpet and flooring manufacturer and wholesaler Victoria is to refinance with a leverage-neutral bond issue for €350 million.
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Carpet imports into the U.K. climbed for a second straight month in December but it was a miserable end to the year for Belgian manufacturers, who have suffered more than most through 2020.
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- FLOORCOVERINGS
Profits climbed sharply at carpet maker Cormar in 2019–20 on the back of wider margins, surging demand following the first lockdown and after annualising non-recurring expenses from the previous year.
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- FLOORCOVERINGS
Retail demand returned strongly after the first lockdown last year but the chairman of Ulster Carpets says the future is less certain for contract markets because of the effect of the pandemic on the hospitality sector.
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Designer Contracts has expanded its presence in Scotland in response to exponential sales growth, the floorcoverings contractor and supplier says.
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Flooring contractor Designer Contracts has appointed Simon Westley as logistics manager and promoted three managers to new roles.
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Balta Group, the major Belgian carpet manufacturer and one of the largest suppliers to the U.K. floorcoverings market, plans to refinance its long-term borrowing.
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Flooring and beds retailer United Carpets Group will delist from the Alternative Investors Market (AIM) on Friday as it returns to private ownership.
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- FLOORCOVERINGS
Headlam Group, Europe's largest collective of floorcoverings wholesalers, says strong demand for residential flooring products in the second half of last year helped negate weaker earlier trading.
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The South Wales carpet manufacturing arm of flooring giant Victoria returned to profit in 2019–20 as it annualised millions of pounds of restructuring costs.
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- COMMUNITY
Major U.K. flooring contractor Designer Contracts has donated more than £100,000 to a local hospice that has been hit hard by the pandemic.
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- FLOORCOVERINGS
U.K. imports of carpets and rugs advanced high single-digits according to newly-released November data as China, India and Turkey made gains while traditional manufacturing powerhouses continued to toil.
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- FLOORCOVERINGS
Strong trading in the back half of last year enabled flooring retail chain Tapi Carpets & Floors to pay off short-term lending from key investors.
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- EVENTS
There will be no physical Domotex exhibition in Germany this year after organisers postponed the rescheduled floorcoverings event.
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- FLOORCOVERINGS
Company behind U.K.'s number two carpet franchise network slips to loss on narrower margins, higher costs.
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- FLOORCOVERINGS
Imports of carpets and rugs fell at their steepest rate since the summer on weaker growth figures from emerging partners. Arrivals from established source nations such as Belgium and the Netherlands remained feeble.
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