Although many flooring retailers in the residential remodel business find themselves in a slump, current market conditions are not stopping the 40 members of the National Floorcovering Alliance (NFA) who met Coeur d'Alene, Idaho, this week for their fall meeting.
In fact, the economic slowdown presented these top retailers in North America, who each report $10 million or more in annual sales, the opportunity to analyze costs, fine-tune margins, and reexamine their showrooms while consumers continue to be cautious and more surgical with purchasing decisions. Several NFA members reported opening showrooms or expanding showrooms in 2023, taking advantage of lower commercial rental rates.