join our MAILING LIST
Join our mailing list to keep up to date on any new ranges or offers
28th November 2022

Flooring Industry News November 2022

Written by jonathon bright
ambiance vinyl flooring

Welcome to our UK flooring news round-up for November 2022 – 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 November 2022

Europeans defer flooring spend

The largest flooring manufacturer in the world, Mohawk, claims that the market is under stress because European consumers “are postponing purchases and trading down.”

Chairman and CEO Jeffrey S. Lorberbaum stated to investors in a trade statement that “our operations in Europe have been more negatively impacted than others due to the exceptional energy crisis and rising inflation that has hindered the region’s economy.

Read the article in The Stocklists.


Flooring distributor warns on volatile consumer spending

The UK distributor of floor coverings, Likewise plc, has issued a warning that revenues will be below forecasts due to erratic customer purchasing.

The company stated that organic sales grew by 23% in the third quarter and that full-year revenues will surpass projections in a trading statement to shareholders. But with limited increase from 2021, profit before tax margins are now anticipated to be at or below current forecasts, at or around 2%.

Read the article in The Stocklists.


Flooring inflation running high

Despite some softening in the overall furniture sector, retail price inflation in the flooring sector is still rising.

It was anticipated that inflation in the flooring retail sector would stabilise, but according to the most recent data from the Office for National Statistics (ONS), it increased by over 2% from September’s rate of 7% to 8.7% in October.

Read the article in The Stocklists.


Slight improvement in consumer confidence index

The numbers on consumer confidence are poor, although not quite as poor as last month’s historic low.

The historic big purchase index from GfK has increased by three points to minus 38. This index measures consumer interest in “large ticket” goods like appliances, flooring, and furniture. The number was negative three at this time last year.

After the worrisome budgetary acrobatics we witnessed in September, a new prime minister is expected to bring about little more than a collective sigh of relief, according to GfK director Joe Staton.

Read the article in The Stocklists.


Sales volumes “suppressed” in seasonal trading

According to the leading distributor in the UK, the seasonal uptick in flooring sales in the run-up to Christmas is not living up to expectations.

“To date in November 2022, a month primarily dependent on residential orders, the Company has witnessed a seasonal boost, but this is below historic levels, and this trend is projected to continue until year end,” the Headlam firm stated in a trading update to shareholders.

The Midlands-based corporation attributed its performance for the year to “the impact of the cost of living crisis lowering market volumes in the UK residential sector” and predicted that it would be “marginally below the low end of the range of market expectations.”

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.

Flooring Industry News November 2022 Flooring Industry News November 2022

Related articles

Hall of Fame Part 18

Hall of Fame Part 18

Hall of Fame Part 17

Hall of Fame Part 17

Hall of Fame Part 16

Hall of Fame Part 16

AMBIANCE: THE CHARACTER AND ATMOSPHERE OF A PLACE
“the relaxed ambiance of the room is popular with visitors”
ATMOSPHERE | AURA | MOOD | FEELING | CHARACTER | QUALITY | IMPRESSIONS | LOOK | SPIRIT
Join our mailing list to keep up to date on any new ranges or offers