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Monday Morning Memo 11.03.14

Posted By Alison Chludzinski, Monday, November 3, 2014

NAFCD Announces Strategic Alliance with Insperity

In an ongoing effort to provide members of the floor covering distribution channel with the resources necessary to effectively operate their businesses, the North American Association of Floor Covering Distributors (NAFCD) is pleased to announce a strategic alliance with Insperity®.

 

NAFCD members will have access to numerous Insperity products and services that will help member companies run better, grow faster and make more money, including:

  • Workforce Optimization®
  • Human Capital Management
  • Payroll Services
  • Time and Attendance
  • Performance Management
  • Organizational Planning
  • Recruiting Services
  • Employment Screening
  • Financial Services
  • Expense Management
  • Retirement Services
  • Insurance Services

For more information about NAFCD's alliance with Insperity, www.nafcd.org/Insperity.

 

NAFCD 2014 Profit Analysis Report

 

The 2014 Profit Analysis Report provides detailed financial results for participating firms in the floor covering distribution business. Results presented in the report are based on income statement, balance sheet and operating data supplied by 22 firms. Based on before tax return on assets (ROA), 7 of the 22 participants fell into the High-Profit category. The tables and graphs in the report are designed to provide a comprehensive but straightforward analysis and comparison of profitability among these firms.

 

Purchase and view the full PAR report here.

 

NAFCD Welcomes New Member

LaCrosse Flooring

LaCrosse Flooring is the value added division of a fully integrated hardwood manufacturing company that processes the timber into logs, saws the lumber, dries lumber and then makes the flooring. Complete control of the raw material supply assures buyers of LaCrosse hardwood flooring a consistency in color, texture and availability unmatched by other North American plank flooring manufacturers .

 

Did You Know NAFCD Offers...

 

Get the Most Out of Your Annual Convention Experience!

The 2014 NAFCD Annual Convention is a great opportunity to connect one-on-one allowing for in-depth conversations about current products and future offerings. As an attendee, we encourage you to schedule meetings with your current and potential trading partners now. Use this handy appointment scheduler and view the list of attendees (login required) to reach out and find a time that works for both of you during the event.

 

Tags:  2014 Trends  annual convention  Insperity  Monday Morning Memo  nafcd  nafcd + nbmda annual convention  New Member  PAR  Profit Analysis Report 

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Monday Morning Memo 8.25.14

Posted By Bryan White, Tuesday, August 26, 2014

Don't Miss Your Chance to Submit a Nomination for the 2014 NAFCD Awards! 

The deadline to submit nominations for the 2014 NAFCD Leadership in Action and Lifetime Achievement Awards is quickly approaching.

Has one of your colleagues made significant contributions to the floor covering industry? If so, be sure to take advantage of the opportunity to recognize them with one of the two NAFCD awards. All nominations must be submitted for consideration by September 1, 2014.

              NAFCD Leadership in Action Award

The Leadership in Action Award recognizes individuals for the positive impact and meaningful contributions that they have made to their company's success. This is an opportunity to highlight a future leader within your company.

 

              Submit qualified candidates for the 2014 NAFCD Leadership in Action Award.

 

NAFCD Lifetime Achievement Award

For exceptional leadership or outstanding contributions that have led to expanding the vision of the floor covering distribution industry, this award is presented to any individual that meets the criteria, regardless of membership in NAFCD.

 

              Submit qualified candidates for the 2014 NAFCD Lifetime Achievement Award.

 

Award winners will be announced at the 2014 NAFCD Annual Convention, taking place November 18-20, in Dallas, Texas.

 

Additional details for each are available on our website.

 

NAFCD's 2014 Profit Analysis Report (PAR) Deadline Extended

To ensure all NAFCD members have the opportunity to participate in the PAR survey, we have extended the survey submission deadline to August 29, 2014.

Participants will receive the following at no cost ($995 value):

-Industry Chart Book Report - A financial and operating profile of the entire industry.
-Personalized Profit Improvement Profile - A confidential report sent directly to you comparing your firm with similar participating firms. Many firms take this report to the bank to discuss loans, lines of credit and plan for the future.
-Profit Toolkit Online - A Microsoft® Excel spreadsheet to assist your financial planning. Instructions are included with your profit improvement profile.

Note: Non-participants must purchase the report to receive the results. 

Visit the NAFCD website and download a PDF of the survey. Submit your survey by August 29, 2014 and receive your free report!

 

NAFCD Member Press Release

Haines Announces Grand Opening of Wheeler Supplies Center

NAFCD member Haines & Company, Inc. announced the grand opening of the Wheeler Supplies Center in Orlando, Florida on August 22, 2014. 

 

This is Haines' first Supplies Center opening and the beginning of Haines - Flooring Supplies Division expansion into the Florida market. Haines began the new supplies division when it ac quired Allied Products in early 2013 and then grew the division when it acquired CMH Space and Ellis Flooring in early 2014. Haines now operates twenty six Supplies Centers throughout the Mid Atlantic and Southeast. 

 

The Wheeler Supplies business has employed a very knowledgeable team of four, led by Jed Collins, Sales Manager Flooring Supplies, to start the Florida expansion. Jed has been a sales leader at Wheeler since the acquisition of Wheeler by Haines in 2007. The Wheeler Supplies Center is stocked with a broad array of flooring installation tools and supplies to meet the expectations of flooring contractors and flooring dealers. In addition, the current flooring supplies available to Wheeler floor covering dealers will be expanded and sold by the existing team of Wheeler Account Executives. 

 

For more information on Haines & Company, Inc. and to view the full press release, visit the NAFCD Member Press Release page

 

Tags:  Awards  benchmarking  Industry Reports  Leadership in Action Award  Lifetime Acheivement Award  members  Monday Morning Memo  PAR  Profit Analysis Report  profit index report  profit planning group  reports 

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Monday Morning Memo 8.11.14

Posted By Bryan White, Wednesday, August 13, 2014
Updated: Wednesday, August 13, 2014

Participate in the 2014 Profit Analysis Report (PAR) Survey-August 15 Deadline!

Last chance to participate in the 2014 PAR Survey!

In our continuing efforts to deliver the value our members expect from their industry organization, NAFCD is pleased to continue the Profit Analysis Report (PAR). Results presented in this report are based on income statement, balance sheet and operating data supplied by NAFCD firms. Deadline to participate in the PAR Survey is Friday!

The information in the report provides answers to questions such as "Are the most successful firms in a down market placing more emphasis on gross margin management or expense control?" In addition, the report provides direct comparisons between your firm and other industry firms in the floor covering distribution business; however this valuable information is only available to firms that participate in the study.

Participation

To participate in the 2014 Profit Analysis Report study and receive the final report at no cost, visit the NAFCD website and download a PDF of the survey. All surveys must be submitted by August 15, 2014.

 

June 2014 Virginia Tech Housing Report

The housing industry is improving, but the pace is agonizingly slow. In the latest Virginia Tech Housing Report, Urs Buehlmann and Al Schuler analyze statistics from across the industry and conclude that the housing industry has turned the corner, but growth is painfully slow.

Key reason why the housing and economic recovery remains muted:

  • Housing remains a difficult reach for many young people - jobs, credit, school debt, are problems.
  • Today's market is 30% or more cash sales, including many foreign buyers.
  • The economy is having some difficulty dealing with demographic issues (aging population), debt and credit issues.

Learn more about these factors in the June 2014 Housing Report here.

Each month you can access specific data on new housing starts, existing home sales and construction spending, and feature analysis on overall impact to the economy and your business. These monthly housing reports are provided courtesy of Virginia Tech. Remember to take advantage of all the exclusive industry reports and research available to you as an NAFCD member. Visit the Members Only section of the website to access more reports, username and password required.


2014 NAFCD Employee Compensation Report

Learn how your firm's employee compensation package compares to the rest of the industry with the 2014 NAFCD Employee Compensation Report conducted by Profit Planning Group. This study analyzes 2013 compensation data of 978 U.S. firms in more than 6,000 locations. The results provides information about both executive and employee compensation including salaries, bonuses, commissions and perks. It also includes details about fringe benefits such as health insurance, retirement programs and employee time-off. Firms were categorized into over 20 sales volumes and over 100 geographic areas.

To purchase the 2014 NAFCD Employee Compensation Report, click here.

 

Tags:  2014 Employee Compensation Report  Monday Morning Memo  Profit Analysis Report  profit planning group  Virginia Tech Housing Report 

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Monday Morning Memo 8.4.14

Posted By Maddie Moss, Monday, August 4, 2014

2014 Profit Analysis Report (PAR) Survey


Participate in the 2014 PAR Survey Before August 15!

In our continuing efforts to deliver the value our members expect from their industry organization, NAFCD is pleased to continue the Profit Analysis Report (PAR). Results presented in this report are based on income statement, balance sheet and operating data supplied by NAFCD firms.  
 
The information in the report provides answers to questions such as "Are the most successful firms in a down market placing more emphasis on gross margin management or expense control?" In addition, the report provides direct comparisons between your firm and other industry firms in the floor covering distribution business, however this valuable information is only available to firms that participate in the study.
 
Participation
To participate in the 2014 Profit Analysis Report study and receive the final report at no cost, visit the NAFCD website and download a PDF of the survey. All surveys must be submitted by August 15, 2014.



NAFCD Welcomes New Member Power Dekor North America

Power Dekor North America is primarily engaged in developing, manufacturing, and distributing a variety of wooden products, including laminate floor, solid wood floor, engineered hardwood floor, MDF/HDF, furniture, wooden doors, and other relevant products. With an eye to the future, Power Dekor has constructed a global, self-sustaining enterprise, including forest planting, product development, manufacturing, distribution channels, and a comprehensive customer service system.

Power Dekor North America
Main Contact: Paul Bauer
Email: pbauer@powerdekorna.com
Phone: 770-639-7570
Location: Pointe-Claire, Canada



Figures Across the Transportation Industry Are All Pointing to a Recovering US Economy

Slow and Steady, Recovery Pushes On
In this article from EFT, John Wagner Jr. looks at figures from across the logistics industry and how they point to a slow but steady recovery for the US economy.
 
Read the full article here.

Tags:  EFT  New Members  PAR  PAR Survey  Power Dekor North America  Profit Analysis Report  Recovery 

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Monday Morning Memo 6.30.14

Posted By Maddie Moss, Monday, June 30, 2014

New Research Study Available for NAFCD Members

"Optimizing Distributor Profitability: Best Practices to a Stronger  Bottom Line" is a groundbreaking research study -- with oversized, step-by-step wall map -- that features 47 best practices and 50 action steps developed from actual experiences with 84 real-world wholesale distribution firms. This NAW Institute perennial best seller is a powerful weapon to use to enhance your shareholder value. 

Order today. Select "Member of NAW Member Assn" and specify North American Association of Floor Covering Distributors (NAFCD) at check out to receive your discounted rate!
 

2014 NAFCD Profit Analysis Report (PAR) Survey

Participate in the 2014 PAR Survey

In our continuing efforts to deliver the value our members expect from their industry organization, NAFCD is pleased to continue the Profit Analysis Report (PAR). Results presented in this report are based on income statement, balance sheet and operating data supplied by NAFCD firms. 

The information in the report provides answers to questions such as "Are the most successful firms in a down market placing more emphasis on gross margin management or expense control?" In addition, the report provides direct comparisons between your firm and other industry firms in the floor covering distribution business, however this valuable information is only available to firms that participate in the study.

To participate in the 2014 Profit Analysis Report study and receive the final report at no cost, visit the NAFCD website and download a PDF of the survey. All surveys must be submitted by August 15, 2014.
 

NAFCD Welcomes New Member Loxcreen Flooring Group

Loxcreen Flooring Group is a leading manufacturer & supplier of residential and commercial transitional floor mouldings and related products in North America. Loxcreen has the most comprehensive product line in the industry, including carpet, ceramic, laminate, vinyl, resilient and hardwood trim.


Loxcreen Flooring Group
Main Contact: Steven LaGrou
Email: steven.l@loxcreenflooring.com
Phone: 800-565-6653
Location: Mississauga, Canada

Tags:  Loxcreen  NAW  New Members  PAR  Profit Analysis Report  Research Study 

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Monday Morning Memo 6.23.14

Posted By Maddie Moss, Monday, June 23, 2014

2014 NAFCD Profit Analysis Report (PAR) Survey

Participate in the 2014 Profit Analysis Survey
In our continuing efforts to deliver the value our members expect from their industry organization, NAFCD is pleased to continue the Profit Analysis Report (PAR). Results presented in this report are based on income statement, balance sheet and operating data supplied by NAFCD firms. 

The information in the report provides answers to questions such as "Are the most successful firms in a down market placing more emphasis on gross margin management or expense control?" In addition, the report provides direct comparisons between your firm and other industry firms in the floor covering distribution business, however this valuable information is only available to firms that participate in the study.

Participation
To participate in the 2014 Profit Analysis Report study and receive the final report at no cost, visit the NAFCD website and download a PDF of the survey. All surveys must be submitted by August 15, 2014.
 

NAFCD Welcomes New Member E.J. Welch

E.J. Welch is a value-added partner to flooring dealers and contractors, architect and design professionals, and the installation trade. Trade professionals have come to rely on E.J. Welch Company for competitively priced leading brands of installation and flooring products from around the world to help make any project unique and exceptional.

E.J. Welch
Main Contact: Christopher Sullivan
Email: csullivan@ejwelch.com
Phone: 314-739-2273
Location: Earth City, MO

Tags:  E.J. Welch  New Members  PAR  Profit Analysis Report 

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