Retailers React: How is residential remodel/replacement faring?
Every two weeks, FCNews seeks out flooring stores across the country to provide advice on current topics. This week we asked: How’s the home refurbishment/replacement market doing for your business?
Here are their reactions:
That market for us remains strong. People are still willing to invest in their homes and invest in more expensive goods.
– Sam Locher, AJ Rose Carpets & Flooring Burlington, Mass.
With the outside pressure of inflation and daily living costs, groceries, gas, etc., we have seen a marked decline in residential replacement projects. High street and heavy commercial, however, remain strong.
– Mike Foulk, Foulk’s Flooring America Meadville, Pa.
There is currently some traffic delay, not unusual for this early part of the summer with so much travel on holiday. We hope it will be picked up again after July 4.
– Penny Carnino, Grigsby’s carpet tile and hardwood Tulsa, Okla.
The market for remodeling/replacing homes is strong, although there were no historical trends last year. Overall, it’s in double digits for 2022 and we expect that increase to gain momentum in the coming quarters, but retail is not currently mimicking the traditional ebb and flow we see year after year.
– Kyal Wilson, Tampa Floors & Interiors Nampa, Idaho
We’ve seen a slight slowdown in the past two months as opposed to around this time last year. Overall still good traffic, just not overwhelming. Fingers crossed that this lasts for the next two quarters, although there is reason to doubt.
– Ben Case, The Carpet Collection Lockport, NY