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It seems that everything you read or hear about in the media today is negative. The war in Iraq plods on, oil prices are at record levels, the economy is struggling, food prices are at all time highs and even the president has record low approval ratings.
The first full year of the housing slump had a big impact on residential flooring sales, an impact that is even affecting parts of the commercial market.
Where can you find a market where housing starts are down slightly, existing home sales are up, and the commercial market is as strong as the U.S.?
This year’s National Wood Flooring Association Education Conference and Wood Flooring Expo in March, held in Ft. Lauderdale, was missing several of the largest hardwood flooring players.
Much has been said and written about the current economic malaise. The stock market is falling and the money supply is tight. Interest rates are falling and yet these decreases aren’t manifested in lower long term fixed rates to business.
ReSource Arizona has been in business for 25 years serving the commercial market in the Southwest U.S. About 70% of the company’s business is specified through the architecture and design community, and the other 30% is sold directly to the end user.
In the current business climate, driving top line revenue growth is on everyone’s mind. How do we grow our business, increase sales, and improve profitability? Does the potential for growth exist? Is growth always desirable?
Last year was probably the strongest year on record for the hospitality market, and 2008 should be another strong growth year. Then, in all likelihood, growth will slow for a couple of years before the refurbishment cycle kicks in.
With consumers controlling 75% of all flooring sales, Floor Focus and Market Insights have decided to take a closer look at how consumers shop for floors.
It’s not easy these days for a typical hardwood flooring manufacturer to stand out in a fairly crowded, although somewhat bifurcated and fragmented, marketplace, made up of a handful of big players, and a far larger bucket full of small, niche firms.