Recession Still Biting Flooring Industry
The recession appears to still be biting for the flooring industry if the closure of more stores across the United Kingdom is anything to go by. Carpetright is the latest flooring retailer to make the decision to begin closing several stores across the country, in a move that is being seen as proof that the recession is far from at an end, for the flooring industry at least. Carpetright is far from being the only such retailer to make such a decision, with their announcement following hot on the heels of similar moves that have been revealed by retail chains such as Thornton, with Jane Norman actually even going into administration.
Carpetright has actually already closed several stores and with profits falling even more throughout 2011, more closures were inevitable. At least one reason for the spate of closures is believed to be down to the high costs involved in renting the large buildings that are used to house the stores. On the flipside, many online flooring retailers are proving to be a success, even despite the poor economic climate. The quandary that their competitors have found themselves in, thanks to the lack of the need to rent store space also meaning that such retailers can offer their goods, including wood floors, which are highly durable and will last for a long time without requiring any form of wood floor repairs, for a much cheaper price than other retailers, while many customers also find it more convenient to browse and examine their options online.