For anyone wondering how the commercial segment in general is doing, one just needed to wander through the Starnet Annual Meeting to see members were in an upbeat mood as the contract business continues to outpace the overall industry.
While the economy in general continues to move at a sluggish pace thanks to the new single-family housing and remodeling segments sloshing along for various reasons we won’t get into here, the commercial industry keeps chugging along.
Flooring professionals from all levels of the industry came together at the Waldorf Astoria in New York for a black tie event to help raise funds and awareness for the Floor Covering Industry Foundation (FCIF).
Despite all that has happened with the economy over the last eight or so years one thing has continued to remain: The desire by consumers to purchase items on credit—especially when it comes to large ticket items such as flooring.
A few weeks after Fuse Alliance announced its year-long transition to new leadership was complete a record number of members and suppliers came to the commercial buying group’s annual meeting where they were put on the “Launch Pad” and exposed to a new vision designed to make them the “go-to” network.
As Lumber Liquidators continues its fight with lawmakers, “60 Minutes” and the public in general, it brings to light a number of key factors that can help specialty retailers earn more business: Make sure you know who and where the products you are selling are coming from.
I get it’s been at least a month since the “60 Minutes” story broke about Lumber Liquidators, but don’t think for a minute this news is going to disappear, not with the publically traded national chain store fighting back the allegations combined with lawsuits alleging, among other things, insider trading.