Wednesday, May 15, 2013

More signs the carpet industry is heading up

Daniel K. Frierson, chairman and chief executive officer of Dixie Industries said, "The first quarter typically is the slowest and most difficult quarter for our business. However, Dixie had a year over year sales improvement of 20% with sales growth in all areas of the business. Our sales growth in the residential business was 21% higher than the same period in the prior year with notable growth in our mass merchant area. We believe that the residential market, in contrast, grew in the low single digits. Our commercial business increased 13% with particularly strong growth in our modular carpet tile area. This increase was in comparison, we believe, to low single digit growth in the commercial market.”

This information substantiates an article Dan Willis sent to me in March. His thoughts are that carpet sales are picking up and he gives several reasons. This will be the lead article on the front page of the June Clene-Times®. Be sure to read it.

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