Pro Premier Services Makes Your Job Easier
This is where the Floor & Decor PRO program really stands out above other programs by offering a handful of Premiere services to their PROs. There is a PRO desk in every store where you can get what you need, from ordering and delivery to financing and design services. In addition to that, they also offer:
- A dedicated pro team at each location
- Express Pick-up for your orders
- Job site delivery
- Free product storage for commercial customers
- Free design services
- And a dedicated pro-hotline
Floor & Decor wants to help you look your best to your clients. You can head on down to the store and chat with the Pro desk or call the Floor & decor hotline number to get immediate service too. And, theres also Floor & Decor PRO events, where you gain valuable training and tips from top brands like Mapeis How to Select the Proper Mortar for Tile Installation and Shluter The Finishing Touch – Profiles, Drains, and Decorative Shelves. All to help you improve your business and grow your bottom line.
Comp Sales Growth Prospects
Around 58% of the companyâs warehouse stores have been opened after 2016. As these stores continue to move up the sales maturity curve, I believe they should be able to support the longer-term comparable store sales growth target of mid to high single digits.
Additionally, the company is focused on building a consistent, high tech, best in class, and seamless design service experience for homeowners and PRO customers. The involvement of design services in purchase decisions boosts the margin and average ticket, complementing the comp sales. The fourth quarter average ticket benefited from an increase in the sales penetration rate from design-led initiatives. The company plans to continue investing in designers to improve its design service. The ability of the company to attract and retain high-quality designers should bring in new customers.
In addition to investment in designers, the company also plans to open one additional design studio in the Atlantic during the second half of 2022. The company is in the early stage of benefiting from these initiatives. I believe the comps sales should further improve as more people become aware and familiar with the companyâs design services.
Professionals To Do The Heavy Lifting
To support its business to the higher-income customer, Floor & Decor has made a big push into the professional home services market.
Pros have proven to be a highly profitable and receptive market for the company. They tend to make more frequent, higher-ticket purchases, typically two-times larger than what a homeowner spends. They also are an important source of referrals.
Particularly appealing to the home service professional is that Floor & Decor is able to carry a wide selection of products with inventory positions, so their clients dont have to wait for delivery. Also a draw is the stores sell all the installation equipment professionals need to complete a job.
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Floor & Decor Pro Premier Credit Card
See your credit card agreement for account terms. Purpose this position is responsible for outside commercial sales, lead generation, client procurement, and commercial job management as required. In addition, this person will work as a team with the inside commercial team to source, bid, and administer large commercial jobs.
How To Apply For Floor And Decor Business Credit Card
If you plan on applying for the Floor and Decor Credit Card, there are some requirements you need to have to start your online application. See them below.
If you have everything in check, Head over to the Floor and Decor website to begin your application.
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Exclusive Access & Discounts With Partners Like Buildbook
Well say it again… BuildBook is a PRO Partner with Floor & Decor, and its a perfect match. Both of us are committed to helping PROs improve their business and grow their bottom line. BuildBook offers simple, powerful construction management software that will help you deliver a premium client experience and increase productivity. And as a member of the Floor & Decor PRO Premier Rewards Program, you can access it at an exclusive rate something you won’t find with the Home Depot Pro Xtra Loyalty Program.
And did you know that BuildBooks easy-to-use project management software has many great perks for its members too? Like a cutting-edge app that is so simple that even your most tech-adverse subs and clients will love using it! Were always striving to give builders and remodelers better business resources outside of the app, like sales and marketing tools, budgeting tracking, and time management tools.
Simplicity, organization, communication, and time management is the name of the game and BuildBook makes it easy for you.
Solid Foundation For Growth
Floor & Decor has a proven formula to continue to capture more market share in a roughly $70 billion floor coverings market. By offering the most in-demand hard-flooring products, along with installation supplies and related cabinetry and fixtures to complete bathroom and kitchen projects, its well stocked with inventory which is an added advantage with the supply chain still dicey.
And it sees potential benefits emerging from the current economic uncertainty. Reporting that existing home sales have declined and mortgage rates have risen, the company expects more homeowners will stay in place. So they will turn to Floor & Decor to improve their current homes with new hard-surface flooring that will pay back over the long term. Of note, new home construction is not a significant part of its business.
We are excited to be on track to report our 14th consecutive year of comparable store sales growth, Taylor said as he concluded his prepared remarks. We are demonstrating that we have the right teams, strategies and agile business model to navigate the global supply chain challenges, inflationary pressures and a weakening housing market.
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Expansion In Commercial End
After a good success in growing its residential business, FND has started focusing on commercial markets as well in recent years. Last year, in June 2021, the company acquired Spartan Surface Inc. which focuses on Architecture and Design firms. Architecture and Design firms account for ~60% of the commercial addressable market and acquiring Spartan gave the company instant access to this market.
For targeting the remaining 40% of the market, which includes owners, builders, developers, general contractors, and commercial flooring installers the company uses regional accounts managers . They have performed well in recent quarters, with sales increasing by 80% year over year. Given the importance of RAMs to the company’s commercial business, Floor & Decor plans to onboard 16 RAMs in 2022, with 7 RAMs already added in the first quarter. This should help it maintain momentum in commercial sales.
In February 2022, Floor & Décor acquired KRS Inc., a Wisconsin-based distributor. KRS is a market leader in commercial hard surface flooring in Wisconsin, which should aid the company’s expansion. In addition to FNDâs organic and inorganic growth initiatives, macros remain supportive as well. The AIA architecture billing index increased from 51.3 in February to 58 in March indicating better prospects in commercial flooring demand in the coming quarters.
Why Builders And Remodelers Should Join The Floor & Decor Pro Premier Rewards Program
Learn why the Floor & Decor PRO Premier Rewards program might be better than the Home Depot Pro Xtra Loyalty program
Floor & Decor PRO Premier Rewards Program is not just about rewards points theyre also committed to helping your construction business thrive. The benefits and support they offer goes beyond what the average program offers, including even the Pro Xtra Loyalty Program at The Home Depot, which might make Floor & Decor one of the top rewards programs for home builders and remodelers.
This is why BuildBook is excited to be one of their PRO Partners. Whats a PRO Partner? Well, read on, because we highlighted some of the top benefits of the rewards program, like the PRO Premier services, their world-class PRO Premier app, and the exclusive PRO Partner savings that can help your business grow.
Floor & Decors Premier Rewards Program is free to join and is one of the best programs around, at least in our opinion. So, how does the Floor & Decor Pro Premier Program work? We’ve broken down each part of the program below, beginning with the simple steps to join:
- Create your account online here
- Once your account is created, you will get a PRO ID no.
- Log in to your PRO Rewards with your PRO ID No.
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Pro Premier Financing Helps Your Bottom Line
As a builder or remodeler, weve all been through challenges with financing. Floor & Decor completely understands your cash flow concerns and is here to help.
They offer various solutions, like their PRO Premier credit cards with a 6-month no-interest option on all orders over $299. And for the high-volume builders and remodelers, they offer commercial accounts with 30-day net terms to help you keep your working capital where you need it most – in your bank.
Floor & Decor also features financing promotions, and they run them a lot. Depending on the deal, you can get anywhere from 6 to 18 months no interest on purchases. From our perspective, Floor & Decor does a great job of making your financing options as easy as possible.
Pro Partner Services Saves You Money
Heres our favorite part of the program. Floor & Decor knows that business relationships are vital to growing a successful business. So theyve teamed up with some of the industries best to help your business become more successful. This premium lineup of services and tools offers exclusive deals for PROs that you cant get anywhere else.
Theyve hand-selected PRO Partners that cover almost all your business needs. Working with companies like Sunbelt tool rentals, Prime Payroll Services, Office Depot/Office Max, OnDeck small business financing, Home Advisor lead generation service, and of course BuildBook project management software to make running your jobs smoother, plus many more.
The idea behind these partnerships is that Floor & Decors PRO Premier Rewards members are given exclusive access to discounts from these hand-selected companies to meet your business needs and help your company run smoother.
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The Best Floor And Decor Commercial Account Ideas
The Best Floor And Decor Commercial Account Ideas. Merit increases & performance bonuses. Minimum interest charge is $2.
On purchases of any amount for 6 months and $499 or more for 12 months made with your floor & decor credit card. To cancel, reply stop to 77500. Floor & decor accounts are issued by comenity capital bank.
Bacaan Lainnya
Accounting for real property purchase. Shop hundreds of styles for every room.
Source: www.flooranddecor.com
To cancel, reply stop to 77500. Shop hundreds of styles for every room.
Floor & Decor Pro Premier Rewards Program Overview
If you’re buying premium flooring and tile for almost every project anyway, you might as well get the best prices and service you can get along with the best rewards. With the Floor & Decor Premier Rewards Program you start earning benefits from the very first purchase. And each month, Pros get 1 point for every dollar spent and 3 points per dollar over $3k.
You can spend your earned rewards on things you need for the job, like equipment rentals and appliances. Or you can decide to reward yourself for your hard work with something like a new grill for your backyard BBQs or tickets to your favorite sporting event. There are many ways to use your rewards, so if you havent experienced browsing the PRO Premier rewards mall, its highly recommended!
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Pro Premier App Keeps You Organized
The PRO Premier app is essentially a one-stop shop to help PROs manage and organize client orders. We gave it a try and found that its pretty easy to navigate and allows PROs to see all their activity in one centralized location. The app is designed to make it simple for you to:
- Check in-store inventory
- Organize orders by client or job name
- Check your PRO Rewards point balance
- Schedule an appointment with a designer
- See special offers
- Register for free training events
The App available for download through the Apple App Store or get it on .
A Successful Business Is Not Built On Hard Work Alone
We believe that the Floor & Decor Rewards Program is definitely one that you should consider. It can help you grow your business and improve your bottom line with its many benefits and valuable rewards!
With these tools at your disposal, youll maximize client satisfaction, improve productivity, and save both time and money all helping your business grow. And dont forget to check out BuildBook’s Floor and Decor partner page to learn more about what benefits Floor & Decor PRO Premier Rewards members receive when they sign up to use BuildBook in their business.
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Floor & Decor Announces Promotion Of Trevor Lang To President
Floor & Decor, a specialty retailer of hard surface flooring, announced that Trevor Lang, executive vice president and chief financial officer, will be promoted to the role of president. The company will conduct a search for a new chief financial officer, which will include internal and external candidates. Langs promotion will be effective upon the appointment of a new CFO.
Lang joined Floor & Decor as senior vice president and chief financial officer in 2011, and was promoted to executive vice president of professional services and CFO in 2014 in connection with his assuming responsibility for leading the companys pro and commercial business. He previously served as CFO of Zumiez Inc. and VP of finance for Carters, Inc.
For the last 11 years, in addition to being an outstanding CFO, Trevor has been critical in leading our business in all areas, including our technology, Pro and commercial strategies,” said Tom Taylor, Chief Executive Officer of Floor & Decor. “After an extensive internal and external assessment, we concluded that his in-depth knowledge of our company, industry, culture, strategy and products make him the right person for this expanded role. I look forward to continuing to work with him.
More Stores More Sales More Share
As important as its e-commerce business is, Floor & Decor is all about the stores. Its flagship warehouse store model averages 78,000 square feet. Its super-size allows customer-friend displays of its full range of tile, wood, laminate, vinyl, natural stone, decorative accessories and installation products.
Within most warehouse stores, a design studio features different staged vignettes to inspire customers and professional designers are on hand to provide free design consultation.
Currently with 160 warehouse stores and two free-standing design studios, it plans to reach 192 warehouse stores and six design studios in 2022. Three new design studios in Houston, TX, Tysons Corner, VA and Miami, FL will be added in the first quarter.
As for its new warehouse locations, some 56% will be in existing markets and 44% in new markets. Opening new stores in an existing market presents no cannibalization threat to existing stores, the company reports. Instead it helps grow its market penetration further.
Research firm Placer.ai confirms this observation. Throughout 2021, the company increased foot traffic to its stores on average 50% month-over-month compared with 2019.
Its a formula that works, allowing the company to increase is market share from 6% of the total addressable market to 8% share in 2021.
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