The most recent National Kitchen and Bath Association (NKBA) Market Outlook Report projects 2023 bath and kitchen revenue will reach $162.4 billion, a 14% decrease when compared to the previous year. With potential recessionary pressure, high mortgage rates and a cooling residential housing market, Supply House Times chatted with a few showroom professionals from around the country to gauge what’s expected in the 2023 showroom sector.
An exit strategy is a contingency plan for a person to exit a business in the event that it meets a substantial profit or it becomes no longer profitable. Investors, business owners, traders, or venture capitalists may plan exit strategies when become involved with a business. The purpose of an exit strategy is to limit losses or maximize personal profit when the exit occurs.
The annual ASA-Supply House Times distributor roundtable, which takes place at NETWORK each year, has always been published in two parts as distributor members tackle topics from supply chain status and inventory management to government affairs and hiring.
The Great Ideas Roundtable session at NETWORK2022 in Chicago was a popular place to be. I usually try to sit in with a table to hear first-hand what hot-button topics come up among distributor, rep and manufacturer members, but this year’s session drew such a large crowd that I didn’t want to take a seat from a participating member.
APR Supply Co.’s Randy Tice was appointed the title of Chairman Emeritus on January 25. Tice purchased Lebanon Plumbing in 1981 from his late father Mark and was the visionary for what APR Supply Co. has turned into today.
AD is reporting record results for 2022 in owner/member sales, member purchases from AD suppliers, AD warehouse sales to AD members, net distributions to members, and operational efficiency.
Viega’s ongoing commitment to advancing the trades is showcased through its strategic sponsorships along with a full roster of training provided in person and online to students and contractors through Viega’s Training and Seminar Center and online learning platform.
The newest member of the Plumbing Manufacturers International Board of Directors, Kevin Campbell is ready to make a meaningful impact as PMI begins its Rethink Water initiative.