By Maitane Sardon
James Halstead, a leading manufacturer and distributor of commercial-floor coverings, announced on Tuesday that its full-year expectations remain unchanged. Despite challenges, sales demand has remained positive, showcasing the company’s resilience.
Positive Sales Demand Worldwide
James Halstead reported an overall increase in sales demand across various regions. The United Kingdom, the Americas, Australia, New Zealand, and Malaysia all experienced a surge in demand for their commercial-floor coverings. However, Central Europe witnessed a slight decrease in sales compared to the previous year.
Improved Gross Margins
The company’s gross margins have seen improvement, primarily driven by a shift in the sales mix towards pure commercial ranges. This strategic adjustment has contributed to James Halstead’s continued success.
Overcoming Challenges
While the company faced obstacles such as increased energy and transportation costs, it successfully navigated through them. In early 2023, James Halstead encountered significant difficulties due to the lack of timely international shipping availability. However, as the year progressed, electricity costs eased, and shipping and transportation costs substantially improved.
For more information, visit James Halstead.