More than half (51%) of the wholesaler members who shared their figures for Omni’s annual business conditions survey said their sales increased in 2010, and even more - 57% - projected their sales will rise between now and June, according to Robert Hoff, president of Omni Corporate Services Ltd. and its Luxury Products Group (LPG) division. The average increase reported for 2010 was 10%. The survey revealed the performances and projections of 60% of the group’s members, he added.
The remodeling segment remained the strongest, with increases in 2010 reported by 43% and further growth projected by 52% of survey participants. Commercial came in second place with 36% of respondents saying they saw business increase in that segment in 2010 and 45% projecting more growth in the first six months of 2011.
Omni held its annual spring meeting January 29 to February 1 in Phoenix-Scottsdale, AZ, followed immediately by the first annual Luxury Products Group meeting, which included educational workshops by Jeff Dross of Kichler Lighting and by Medallion Cabinetry (an Elkay company).