Flooring Industry News June 2022

2022 FLOORING SHOW OUTSELLS 2021

With about four months to go, The Flooring Show has already outsold stand space compared to its triumphant comeback in 2021, indicating that it is on track to be a record-breaking year to commemorate the event’s 60th anniversary.

The Flooring Show 2022, the UK’s largest exhibition dedicated to the flooring sector, will be held in the Harrogate Convention Centre from September 18-20.

The year 2022 is special since it will be the 60th anniversary of the popular event, making it a must-attend for the business. “Sixty years is a tremendous milestone, and we are really delighted to be able to celebrate it with visitors and exhibitors from throughout the industry,” said Alex Butler, Event Director.

Read the report on The Stocklists website.

UK RETAIL SALES CONTRACT

UK retail sales contracted last month as consumers feel the squeeze from the country’s cost-of-living crisis according to the latest British Retail Consortium-KPMG retail sales monitor

“As the cost-of-living squeeze impacted consumer demand, sales continued to drop. As consumers rethought significant purchases during this challenging time, higher value products like furniture and electronics suffered the most” Helen Dickinson, CEO of the BRC, stated.

“It is apparent that the post-pandemic spending bubble has burst,” she continued. “Retailers are now dealing with more challenging trading circumstances, declining consumer confidence, and rising inflation that is having an impact on consumer purchasing power.”

Read the report on The Stocklists website.

FLOORING RETAIL PRICE INFLATION MAINTAINS HIGHEST LEVEL

Despite a slight decline in the UK’s general furnishing industry, retail price inflation for flooring is still increasing at historically high rates.

According to the most recent statistics from the Office for National Statistics (ONS), retail inflation in the furnishing sector is now running at 16.2%, down somewhat from last month’s high of 16.8% but still much higher than the average consumer index number for May of 9.1%.

May flooring price inflation was 9.4%, up from April’s figure of 9.0%, although analysts believe this industry is going through two quite distinct situations with regard to carpet and rugs and vinyl.

Find out more on The Stocklists website.

Free sub floor preparation courses from Mapei

In order to provide people the tools they need to fully understand and utilise its products and foster a culture of complete systems, Mapei Academy offers a number of online (remote) and in-person training programmes led by our Technical Assistance and UK Mapei Specialist team.

The desire to share the wealth of expertise the organisation has accumulated throughout its 80-year history is what gave rise to this service. For designers, applicators, merchants, and enterprises, Mapei training is provided through a variety of free events.

Register on the Mapei website.

Consumer confidence hits record low

With a “dark consumer mood,” analysts claim that consumer confidence touched a record low in June. However, the decrease in big buy plans for flooring and furniture has now levelled out for the first time in weeks.

In June, the Overall Index Score in GfK’s reputable retail report dropped one point to -41, hitting a new low.

The GfK Major Purchase Index, however, had been decreasing steadily for some time before it eventually halted and stabilised, although at minus 53 – 30 points below where it had been at this time previous year.

Read the article in The Stocklists.

FURTHER READING

We hope you enjoyed our flooring industry news roundup. We have a huge luxury vinyl flooring range which can be found on this link.

Remember, follow us on LinkedIn to keep up to date with the latest flooring industry news.