Retailers React: What area of your business outperformed expectations in 2023?

HomeFeatured PostRetailers React: What area of your business outperformed expectations in 2023?

artificial intelligenceEvery two weeks, FCNews seeks out flooring retailers across the country to offer their advice on hot topics of the day. This week, we asked: What area of your business outperformed expectations in 2023?

Here are their responses:

“Main Street commercial has been our most pleasant surprise. We did a lot of projects ranging from church remodels, office spaces and even the famous Lewis & Clark Riverboat. We did not expect Main Street commercial to generate as much business considering how many people now work from home, but it did.”

—Jon Dauenhauer, Carpet World Bismarck Bismarck, N.D.

“Commercial contract work was our biggest growth and outperformed all our expectations for this past year. We attribute most of this growth to Hurricane Ian in October 2022. The work finally came through in 2023.”

 

—Mike Montgomery, Montgomery’s CarpetsPlus ColorTile Venice, Fla.

“For us, specified commercial remained strong. People still have COVID-19 money left to spend as well as projects they had in the pipeline that were delayed. We are still seeing a lot of medical and education projects coming in for bid heading into 2024.”

 

—Mike Foulk, Foulk’s Flooring America Meadville, Pa.

“We emphasized improving gross profit in flooring, which had slid a bit from the prior year. Where we gained was in the remodeling sector. We do kitchens and bathroom renovations and those have been extremely strong.”

—Bob Duke, Floor Magic Damariscotta, Maine

“Residential remodel, driven through designers, has been the strongest part of our business in 2023. While we saw a drop in order numbers, the designer work increased our average ticket by 20%, which allowed us to match our 2022 sales.”

 

—Joel Schreier, Home Carpet One Floor & Home Chicago

Must Read

Tarkett to take part in Chicago’s Design Days

Chicago—As more than 40,000 people from across the global design community gather in Fulton Market District from June 10–12 for Chicago's Design Days, an...

Retailers React: How is the home remodeling business in your market?

Every two weeks, FCNews seeks out flooring retailers across the country to offer their advice on hot topics of the day. This week, we...

i4F to exhibit 2024 Domotex Asia/ChinaFloor

Shanghai, China—i4F, a group of companies providing patents and technologies to the flooring industry, is participating as an exhibitor at this year’s Domotex Asia/ChinaFloor...

Higher mortgage rates hammer builder confidence in May

Washington, D.C.—With mortgage rates averaging above 7% for the past four weeks per data from Freddie Mac, builder sentiment posted its first decline since...

Multifamily developer confidence declines in first quarter

Washington, D.C.—Confidence in the market for new multifamily housing declined year-over-year in the first quarter of 2024, according to results from the Multifamily Market...

Ecore appoints Shweta Srikanth chief circularity officer

Lancaster, Pa.—Ecore, a global leader in recycled rubber and performance-driven surfaces and solutions, has appointed Shweta Srikanth as chief circularity officer. In this new...

As seen in

Dec. 18/25, 2023

DOWNLOAD
Some text some message..
X