NAFCD Report Indicates Q1 Growth for Members

Chicago, IL, March 19, 2015—The North American Association of Floor Covering Distributors (NAFCD) has released its Q1 2015 quarterly sales trends report, which shows that initial 2015 sales growth forecasts with NAFCD distributors indicate 6% growth versus 3% growth in 2014.

NAFCD manufacturers currently expect to maintain the 11% growth rate posted in 2014. NAFCD members are anticipating 5% to 6% profit growth on average in 2015.

Distributor-specific insights from the report show that input costs are expected to increase 2% in 2015, similar to the increase in 2014.

Profits are forecast to increase 6% for distributors in 2015, a two point improvement compared to 2014.

Distributors are anticipating lower fuel prices to add 0.7 points of growth in 2015.

Over 80% of manufacturers plan to add headcount in 2015 despite over 70% of manufacturers citing difficulty finding quality candidates.

Additionally, 70% of manufacturers plan to add distributors in 2015.