Opinion on Floor Coverings in Europe

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Type Product title / description Pub Price
CommentWire
CommentWire

United Carpets: a rare success story in a troubled sector

United Carpets has reported sales of GBP21.2 million and pre tax profits of GBP1.5 million for the fiscal year ending 31 March 2008, representing growth on last year of 8.3% and 46.8% respectively. While it is currently performing well, United Carpets may find achieving a similar performance harder over the next 12 months.

Published By Datamonitor
24 Jul 2008
CommentWire
CommentWire

Topps Tiles: optimistic for future

Ceramic tile and woodflooring specialist Topps Tiles has announced current balance sheet strength and strong enough cash flows to return a hefty sum to its shareholders. At the same time, the retailer announced improved performance in its Q3 trading statement, following its weak start to the year, and is rightly optimistic in its outlook.

Published By Datamonitor
06 Jul 2006
Expert View
Expert View

Pre-packs protect banks and boards, but jobs too

Pre-pack administrations have come under scrutiny for siphoning away selected assets and dumping debt in secretive deals. The process is open to abuse, but the unpalatable truth is that in a stuttering economy no other option protects jobs and keeps businesses open to the same extent.

Published By Datamonitor
12 Oct 2012
CommentWire
CommentWire

MFI: new start for retail arm, but tough times still to come

MFI's retail division has been one of the most high profile casualties of the furniture sector having suffered from a relentless slide in sales and persistently weak margins. Merchant Equity Partners should give the retail chain a fresh start with new management, taking an ax to its store portfolio and reduce the company's high cost base, but this will be no easy task.

Published By Datamonitor
17 Aug 2006
Expert View
Expert View

Kingfisher: feeling the full force of UK retailing slowdown

Leading home improvement retailer Kingfisher has displayed evidence of the full force of the slowdown in big-ticket spending in the UK as B&Q's profits more than halved during the third quarter. Chief executive Gerry Murphy said he did not expect the home market to improve until late 2006, however this cautious forecast comes from a man who is not afraid of making big decisions...

Published By Datamonitor
02 Dec 2005
CommentWire
CommentWire

Ilva: raising expectations

On August 3, 2006, Ilva finally opened its first UK store near London after a series of delays and an unprecedented level of anticipation from competitors and customers alike. With its compelling product, solid price architecture and a store environment that sets new standards in the industry, Ilva is the most significant event in UK furniture retailing since the launch of Ikea.

Published By Datamonitor
07 Aug 2006
Expert View
Expert View

Floors-2-Go becomes 35th retailer to enter administration this year

Floors-2-Go has entered administration, becoming the latest victim of the consumer downturn. After struggling against the expansion of the non-specialists and the extremely hostile trading conditions facing big ticket retailers, particularly those related to the housing market, Floors-2-Go has become the 35th retailer, and the 12th housing-related retailer, to succumb to the pressure this year.

Published By Datamonitor
23 Jul 2008
CommentWire
CommentWire

Floors 2 Go: carpets make a comeback

UK consumers are shunning laminate flooring in favor of woven alternatives, leaving Floors 2 Go in a precarious position. But Floors 2 Go has also built a reputation in the more promising segment of wood floors, leaving the retailer well placed to turn around its fortunes.

Published By Datamonitor
04 Jul 2006
CommentWire
CommentWire

Carpetright: weak competition aids growth

Carpetright's total UK and Ireland sales were ahead 5.9% in what continues to be a challenging market. Despite external pressures, Carpetright has grown market share and continues to aggressively open new store space ahead of rivals. The improving UK housing market should also drive growth in both sales and margins.

Published By Datamonitor
26 Oct 2006
CommentWire
CommentWire

Carpetright: sales hit by downturn

Carpetright, the UK's leading carpet specialist, saw total group sales decline by 6.7% and UK like-for-like sales fall by 15.1% for the 25 weeks to April 25, 2009. Although diminishing revenues in the furniture and floorcovering sector persisted into the first few months of 2009, and it struggled to maintain sales in the UK, Carpetright's business in its Rest of Europe segment has seen growth.

Published By Datamonitor
29 Apr 2009

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