KBzine: the original kitchen and bathroom industry e-news - since 2002
21st April 2017
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KBSA members grow in confidence
Recent research with The Kitchen Bathroom Bedroom Specialists Association retailers has shown that almost half of them improved their turnover in 2013 (47%) which almost mirrors to the same% the figure for 2012, and a similar number (46%) said that they had improved their profitability.
One out of three members also indicated that they would be increasing headcount during 2014 as the recovery gathers pace.
Average project values were up 7% over the previous year which shows how the sector can add value and up-sell.
Anecdotal reports from members indicate a potential shortage of good designers, and also a looming shortage of qualified installers as of those that started business during the recession, many have now left the industry.
"These figures do indicate how resilient the independent sector is during bad times," says Graham Ball (pictured), Chief Executive Officer. Key decisions can be implemented quickly which is why so many have survived the recession, and are stronger for it - which is ideal as the recovery quickens.
"The independent is the standard bearer for our industry, and their success has led to many trying to replicate this, but most have failed to deliver."
The KBSA is the only trade association operating specifically for kbb industry, and represents independent kbb specialists. It was founded in 1978. Over 100 brands supplying the industry support the Association and its key objective of promoting the professionalism and excellence available from the independent specialist retailer.
25th July 2014