Carpet One Plans Expansion

Manchester, NH, Mar. 30--Carpet One, the largest floorcovering retailer in North America with more than 1,000 stores in the U.S. and Canada, announced today a growth plan to add 250 new Carpet One stores over the next five years by expanding the businesses of their existing membership and adding new members to the Carpet One family. As a cornerstone to the retail growth, Carpet One is expanding its store development services to offer a suite of "smart solutions" designed to help current store owners expand their businesses as well as show other independent flooring retailers the benefits of joining the program as new Carpet One retailers. Expansion services include aggressive financing packages, real estate services, full-service store development and site-check programs. Carpet One has also increased its market development staff to oversee the expansion internally and source further opportunities for market growth. "Carpet One has been successful in growing our business via member acquisition and will continue to do so in the coming years," said Carpet One co-COO Dean Marcarelli. "Launching into a more streamlined strategy of adding additional locations through existing member storefront expansion is a natural evolution for our brand and will ensure our continued success in the industry." In the last five years, Carpet One has experienced strong store growth with sales climbing at an average rate of 35% a year. With more than 1,000 independent, full-service specialty stores and $3 billion in annual sales volume, Carpet One is the single largest floorcovering retailer and seventh largest home furnishings retailer in the industry. Carpet One's key advantage over its competitors lies in its personalized customer service, competitive pricing, comprehensive product warranties and extensive product selection.

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