Supply chain issues and material shortages temper industry’s outlook despite continued strong market.
December 13, 2021
While the overall kitchen and bath industry continues to show healthy growth for the year, the overall index is down 4% quarter over quarter as lingering issues caused by the pandemic seem to be catching up to consumer sentiment. Despite this, the industry is coming off of a record-breaking quarter of growth in Q2, which has fueled projections for the year at around 12% growth in sales year-over-year, with many members still encouraged about future growth in 2022.
NKBA Report finds cleanliness, sustainability and universal designs will be hot trends of 2022.
November 22, 2021
The National Kitchen & Bath Association (NKBA) released its annual Design Trends report. The 2022 study, a deep dive into all aspects of both kitchen and primary bathroom design, forecasts the styles, features, materials and innovations expected to be most popular over the next two to three years. The current study finds that the COVID-19 pandemic has accelerated consumer interest in and adoption of key trends in their homes such as integration of smart technology, multi-functional spaces and natural and nature-based designs.
Group reports 34% increase in first nine months of 2021.
November 1, 2021
AD is reporting member sales in the first nine months of 2021 were $44 billion, an increase of 34% across its 13 divisions and three countries. Same-store sales were up 19%. Member companies’ purchases from AD supplier partners grew 31%. Net distributions to its members were up 41%.
With government regulations constantly decreasing the amount of water used in every flush, it’s no wonder that low-flow toilets are getting more and more popular, especially those with the WaterSense certification.
Reaching 100 years is quite a milestone for any business, let alone for a family plumbing business. Especially when you consider the average lifespan for a family-owned business is 24 years, according to Cornell University’s SC Johnson School of Business.
Governor Gavin Newsom and the California State Legislature have enacted Assembly Bill (AB) 100 into law. Authored by Assembly member Chris Holden, AB 100 adopts industry standard NSF/ANSI/CAN 61 2020 as the lead-testing requirement for certified endpoint drinking water devices sold in California.
In April, Niagara held a virtual launch event, announcing its new Niagara Wholesale Program and more than 100 new products designed to help wholesalers serve the needs of their plumbing professional clients by offering advanced technology and high performance for those looking for a wide variety of water-efficient products.
COVID-19 had many widespread impacts to just about every product category and industry — the plumbing industry included. One of the most interesting market shifts was how the toilet paper shortage at the start of the pandemic spurred sales of bidet toilet seats in the U.S. market.