NAFCD Reports Findings of Q2 Sales Trend Survey

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NAFCD Reports Findings of Q2 Sales Trend Survey

Chicago, IL, August 14, 2020-The North American Association of Floor Covering Distributors (NAFCD) recently released the results of its NAFCD Quarterly Sales Trend Survey for the second quarter of 2020. 

A sampling of highlights from the Q2 report include:

  • Q2 sales growth was down year-over-year by 11.7% during the quarter
  • Q3 forecasts are 15.4 points higher than Q2 results 
  • Full year 2020 forecasts are now up 10.3 points from Q1's estimates
  • Negative sales impact due to COVID-19 has eased since Q1
  • 18% of distributors have had retailers/showrooms that they distribute to close in Q2 (versus 48% in Q1)
  • Warehouses/distribution centers are now 100% fully functional and able to fulfill orders 
  • 76% of distributors are still seeing issues with product delivery and sourcing 
  • 100% of distributors had orders cancelled in the quarter due to COVID-19