KBSA members report improved turnover and improved profit
The kitchen and bathroom independent retail channel is showing signs of recovery, according to recent research by the Kitchen Bedroom and Bathroom Association (KBSA).
It found nearly half of its members (47%) reported turnover growth and a similar number (46%) increased profitability in a recent survey. And according to the KBSA survey, average project values were up by 7%
In addition, one in three of the association’s members stated they would be employing more staff as the recovery gathers pace.
However, anecdotal evidence highlighted concerns of a shortage of good designers, despite the KBSA recently announcing its Designer Award finalists, plus a looming shortage of qualified installers.
Chief Executive Officer of the KBSA, Graham Ball said ‘These figures do indicate how resilient the independent sector is during bad times. 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 lead to many trying to replicate this, but most have failed to deliver’’.