Latest Intelligence on Floor Coverings

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Type Product title / description Pub Price
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

Carpetright: covering new ground

Carpetright has reported a 0.2% gain in underlying sales in the first 13 weeks of its second half, which included the Christmas 2005 period. While this sales growth would not normally be grounds for celebration, the results represent something of a return to form for Carpetright and should aid the company in its international expansion plans.

Published By Datamonitor
01 Feb 2006
CommentWire
CommentWire

Carpetright: positive outlook despite a challenging market

The carpet market dipped 10% last year and full-year results from Carpetright showed like-for-like sales down 2.8% last year. However, the retailer has a positive outlook for the rest of the year as performance in the second half picked up and outlined plans to expand to Europe.

Published By Datamonitor
29 Jun 2006
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

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
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
CommentWire
CommentWire

Carpetright: rent relief

Carpetright's admission that rental inflation is beginning to slow is good news for the retailer but it does not necessarily mean that all retailers are likely to experience the same trend during the coming months. The majority of Carpetright's stores are located in bulky goods retail parks and it is here that that rental cost inflation is likely to slow, and not on prime retail park sites.

Published By Datamonitor
09 Aug 2006
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
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: firing on all cylinders

Although the retailer saw operating expenditure increase, due largely to the costs associated with new store openings, improvements to the gross margin were more than enough to compensate and underlying operating profit rose 16.7%. Carpetright has an optimistic outlook - a position it is well justified in given the raft of opportunity ahead.

Published By Datamonitor
12 Dec 2006

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