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02nd April 2023

Flooring Industry News March 2023

Written by jonathon bright
ambiance vinyl flooring

Welcome to our UK flooring news round-up for March 2023 – a great way to keep up to date with all the latest news, views and commentary for the flooring industry and business owners. To keep on top of all the latest industry news why not follow our LinkedIn page – we always post interesting news stories and article links on our page.

Flooring Industry News March 2023

Unexpected increase in consumer confidence

With their Major Purchase Index for flooring and furnishings up 3 points, prominent retail researchers GfK claim that consumers have suddenly displayed more optimism.

Their general index increased 7 points, and they called the findings of their February consumer confidence poll a “surprise turnaround from historic lows.”

Read the article in The Stocklists.


February footfall is up but growth slows

After Christmas and the January sales, retail footfall growth slowed down in February, but it was still 10% higher than in 2022, and analysts suggest that consumer behaviour is “normalising” as they shop more frequently.

According to the British Retail Consortium’s (BRC) most recent figures, overall foot traffic in the UK climbed by 10.4% in February over the same month last year, which is a growth rate that is 2.1% lower than that of January.

Read the article in The Stocklists.


Consumers reducing discretionary spending

According to Barclaycard’s most recent retail survey, shoppers are cutting back on discretionary purchases like flooring and furniture.

Using data from credit and debit card purchases in February, researchers discovered that while customers’ spending on utility bills increased last month, they increasingly turned to cheap merchants.

Read the article in The Stocklists.


Flooring Show 2023 hopes for ‘best ever’

With six months until the doors open in Harrogate on September 17, event director Alex Butler claims that “The Flooring Show 2023 is shaping up to be one of our best shows ever.”

90% of the Harrogate Convention Centre’s floorplan has already been sold, and exciting expansion ideas are in the works, claims Alex. This is going to be a wonderful year for the event, with some of the biggest companies already scheduled to exhibit, a brand-new LVT Pavilion, and the return of the Demo Zone.

Read the article in The Stocklists.


Flooring inflation falls

Despite an unexpected rise in the overall inflation rate, the persistent growth in flooring inflation has now subsided.

Floorcoverings have resisted the decline in recent months despite an easing of inflation in the furniture industry, but the most current data from the Office for National Statistics (ONS) shows the rate is down to 10.4%.

The reduction is a reprieve for the industry as floorcovering inflation was 12.2% last month. But, costs are still high as this time last year, flooring inflation was 9.4%.

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 these links:

Deep Emboss is our biggest range which gives the look of real wood.

Another very popular range, Herringbone takes smaller tiles from our most popular colours and uses them to create a parquet-effect flooring.

The Tick Finish vinyl flooring range is all about a finer grain for a subtler finish.

The Stone & Granite range delivers the feel of real stone and granite with a refined texture.

With the Shale Finish range, a natural slate-effect is represented with a generous range of colour options and textures.

If you are looking to recreate an old-style distressed wooden flooring look then the Hand Scraped range is perfect.

Our Victoriana collection recreates the iconic British Minton design classic that has been around since the 1800’s.

The Prima range from Ambiance is our entry level LVT. This product delivers a living surface finish that looks and feels great whilst meeting the most challenging budget.

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

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