Former RHS Chelsea Flower Show sponsor Marshalls sees sales drop 18%

Former RHS Chelsea Flower Show sponsor Marshalls' sales to the public sector and commercial market, which represent 57 per cent of the stone supplier's sales, are down 18 per cent and sales to the domestic market were down 15 per cent compared to the 2008.

Marshalls' revenue for the 10 months ending 31 October 2009 was close to expectations at £277m (2008: £339 million). Underlying daily sales revenue — on a like-for-like basis — was down 17 per cent and similar to construction industry forecasts.

Marshalls chief executive Graham Holden said the last four months had seen a 12 per cent decline in the domestic market but that he was pleased installer order books were up to 8.1 weeks from 7.1 at the end of June.

He said sponsoring Chelsea Flower Show had helped "a little bit on brand awareness". He said garden sustainability, working with children and living streets were messages Marshalls had got over to the public. Holden said he had made no final decision on exhibiting at Chelsea in 2010 but said "unless something changes" Marshalls would not renew its three-year sponsorship deal with the show.

He said industrial, retail and commercial spending were "tough" and the commercial market was competing against better like-for-like comparison than domestic sales, which fell earlier during the credit crunch.

Holden added that Marshalls were "cautious" for 2010 because industry forecasts predict "mid single digit reductions in volume" next year.

Marshalls has a contingency plan to temporarily lay off workers with pay but Holden says reducing capacity has addressed the downturn.

 

Subscribe to Horticulture Week for more news, more in-depth features and more technical and market info.


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Read These Next

Sargent's solutions: Why landscapers are better off keeping overall control of a project

Sargent's solutions: Why landscapers are better off keeping overall control of a project

Dividing up contracts can make it harder for landscapers to retain control of their projects, Alan Sargent warns.

Pyrus

Pyrus

Attractive ornamental pear trees are great for street planting as well as gardens, writes Miranda Kimberley.

Alchemilla

Alchemilla

These tough, long-lived, ground-cover plants are great in borders, rock gardens paths and walls, says Miranda Kimberley.


HORTICULTURE WEEK BUSINESS Awards 2019

The Horticulture Week Business Awards is now open for entries

Horticulture Jobs

BUSINESS LEADs

Build your business with the latest public sector tenders covering landscape, arboriculture, grounds care, production and kit supplies. To receive the latest tenders weekly to your inbox sign up for our Tenders Tracker bulletin here.

Are you a landscape supplier?

Horticulture Week Landscape Project Leads

If so, you should be receiving our new service for Horticulture Week subscribers delivering landscape project leads from live, approved, planning applications across the UK.

Horticulture Week Top 50 Landscape and maintenance contractors

See our exclusive RANKING of landscape and maintenance contractors by annual turnover plus the FULL REPORT AND ANALYSIS

PLANT SUPPLIERS GUIDE

Free to subscribers, the essential guide for professional plant buyers
 

Download your copy

Products & Kit Resources