‘Soft’ UK sales causes floorings giant to forecast weaker results
A poor performance in the UK has led floorings business Headlam Group to predict its 2018 performance will be "towards the lower end" of expectations.
Headlam is Europe's largest distributor of floorcoverings and it believes the "softness" in the UK market will continue for the rest of the year.
The Coleshill-based group is introducing price increases of up to 10% from September 1 in the UK, to reflect inflation of its raw material costs.
Like-for-like sales in the UK were down 5.2% in the six months to June. However a 1.7% ... You can carry on reading TheBusinessDesk.com for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...