Looking to expand
its presence in the Chinese market, Anderson has signed a licensing and
manufacturing deal with PowerDekor, the largest manufacturer of laminate
flooring in China and a former Anderson supplier. Plans call for Anderson to
create a hardwood flooring assortment of about 45 SKUs for China’s domestic
market. The floors will be available in up to 2,000 retail stores owned by
PowerDekor.
According to Don Finkell, Anderson’s president and CEO, the
partnership comes at a time when the U.S. flooring market is slowing, but
China’s economy shows no signs of flagging. “Our market is not too good right
now, but theirs is red-hot,” he toldNFT.He said the
assortment would take inspiration from
“the American lifestyle.” About one-third of the products will be
manufactured in the U.S., while the remaining SKUs will be made in China by
PowerDekor using Anderson’s quality control standards, Finkell said.
“We’ve chosen three American lifestyles for the products,”
Finkell noted. “New York City will offer sophisticated looks. Miami Beach will
be more casual and fun. And Aspen, Colorado, will take a more rustic approach,
with a little more Americana thrown in.” All three ranges will be offered in
good, better, best formats, and feature a range of Anderson-made floors and
floors made in China and licensed under the Anderson name.
Finkell said that the assortment should be ready for placement
in 500 stores by the middle of the summer, with more stores to come. The
agreement with PowerDekor is set for the next 10 years. Financial terms were
not disclosed.
Anderson, PowerDekor partner for China deal
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