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One in a Million




             AS FEaTURED IN BUSINESS in FOCus
                                     JULY 2012
2   JULY issue | 2012
BUSINESS IN FOCUS   3
4




    By David Barratt                                                    much of the company’s existence, developing strong inter-
                                                                        national buying power, and after a slow period due to the



    W
                 HEN purchasing a rug, consumers want to feel the       gloomy retail market situation, is experiencing renewed
                 fabric between their fingers and experience the        growth, opening several new locations in Australia.
                 true to life vivid colours and patterns. This desire
    makes rugs one of the few remaining consumer items that              “We focus totally on our staff. Of our
    need to be seen and experienced before being purchased.
                                                                        150-odd staff, more than half have been
    Choosing a rug is still very much a “touchy feely” process as
    Craig Wicks, founder and Managing Director of Rugs a Million
                                                                           with us for more than ten years.”
    aptly puts it.
                                                                        Thinking back to the founding of the company, Craig Wicks
    Craig’s company, founded 20 years ago in Queensland, has
                                                                        identifies one major trend as the impetus of growth – the
    grown to encompass 29 bricks and mortar retail locations sup-
                                                                        decline in popularity of wall-to-wall carpet solutions in Aus-
    ported by a powerful online presence, placing the company
                                                                        tralian homes. “The timing was quite right as wall to wall car-
    as Australia’s top of mind name when consumers are looking
                                                                        peting was losing popularity to hard floors. I saw the market
    for new rugs for their homes. “After a couple years,” Craig
                                                                        evolving almost overnight,” he says of his decision to leave
    says, “we decided to expand from the Gold Coast to Brisbane
                                                                        the carpet market and move into rugs as the primary focus
    and area.” Ever since, the company has continued to grow
                                                                        of his business. “As soon as you get hard floors in a house,
    in a reasonably fast, but controlled manner, moving into its
                                                                        you need rugs aesthetically, acoustically, and to keep warm
    third state by acquisition, with the purchase of an existing rug
                                                                        in the winter.”
    company in Adelaide.
                                                                        The trend toward hard flooring continues to grow as Aus-
    Rugs a Million has experienced measured growth through
                                                                        tralians follow the fashion of America and Europe. “There is
5




still growth in the marketplace as hard floors become more
popular, so I see no reason why there won’t be more growth
in this country.”

Though Craig founded Rugs a Million and is Managing Direc-
tor today, he credits the synergy of three key minds and their
complementary skill sets with providing the stable founda-
tion that has allowed the company its continues growth and
success in the market.

Craig himself brings a keen marketing and advertising experi-
ence to the table, while the company’s General Manager Paul
Mifsud brings a wealth of experience in the rug retail industry
and a passion for the product. All of these skills are tied to-
gether by the accounts department, who work to keep costs
down. The three key members work together, meeting each
Monday to share ideas and keep their finger on the pulse of
the company, the consumer, and their business.

And business is good, operated with a strong philosophy
of valuing staff, creating a second to none customer expe-
rience, and understanding the ever changing fashion of the
rug retail industry.
6




    “We focus totally on our staff. Of our 150-odd staff, more than
    half have been with us for more than ten years,” says Craig of
    the business’ unique company culture. This longevity can be
    credited to the positive work environment inspired by Craig’s
    leadership of the company, as well as staff commitment to
    remaining knowledgeable about the products and provid-
    ing excellent customer service. “We really pride ourselves on
    making our customers number one while focusing on the
    simple basics of good reselling.” Customers are indeed enjoy-
    ing their shopping experience at Rugs a Million, benefiting
    from the service and selection provided by the company’s
    well trained and knowledgeable staff.


       “We pride ourselves on making our
           customers number one.”

    Rugs a Million stays at the top of the marketplace by ensuring
    that its rugs are current, fashionable, and of high quality for
    its customers. While offering the highest quality, handmade
    traditional Persian style rugs, Rugs a Million also designs and
    imports all the latest fashions from around the world to meet
    the tastes of all of its customers. “Our buyers are up to date
    with the colours and fabrics and designs most desired by
    today’s consumers, and we make sure we have the range of
7




rugs that people want,” says Craig, a range which is second to
none in the marketplace.

The company’s user friendly five year warranty and money
back guarantee is also very appealing to choosy customers,
as is the business’ policy of allowing customers to bring rugs
home to give them a try.


 “We’ve gone through a consolidating
era and are moving into a growth sector
 through the toughest retail times our
       country has ever known.”

“Today’s consumers are very well informed because of the in-
ternet,” says Craig, “and we ensure that when customers come
in they get good solid product knowledge and old fashioned
service.” The company’s web store, though it accounts for
only about 2 per cent of sales, is a great way for customers
to get to know the product before they make their way into
any of the many physical retail spaces the company operates.

“We embrace the website as synergy, not an opposition. It’s
one form of a driver to get customers into our stores,” says
Craig of the role played by the company’s web presence. “We
8




    benefit in that we do not have the internet as competition       where others have not.
    because rugs are still a touchy feely purchase and colour is
                                                                     “At the end of 2008, this company did not sit on its laurels
    not represented accurately on the computer screen.” Craig
                                                                     – we reacted immediately to the national financial situation
    expects the company’s web store to continue to grow, but
                                                                     by cutting off every bit of dead wood the company had,
    does not anticipate it forming a significant part of the com-
                                                                     including retail locations.” Craig felt that to remain com-
    pany’s business in the near future.
                                                                     petitive, it was important to make the company as lean and
    The company also attracts customers to the store with its        strong as possible.
    annual television marketing campaign based around the
    seasons. Often, customers who see the television ads are
                                                                       “Rugs a Million stays at the top of the
    prompted to research products on the website before ac-
    tually entering a store to make their purchase. “We run a
                                                                       marketplace by ensuring that its rugs
    very strict advertising campaign annually, based on the             are current, fashionable, and of high
    seasons, that allows the Rugs a Million name to be foremost                        quality.”
    in our market.”

    The company has resumed growth generally despite the             “I could sense tough retail times ahead, so we worked to be
    recent dip in national markets that businesses have faced        safe and survive anything the economy could throw at us.”
    across the board. In 2008, the company understandably took       The company has not only survived this major test, but
    a fair hit as markets fell, but with strong leadership, Rugs a   as of the 2011 financial year, is experiencing real growth
    Million has been able to navigate the market successfully
9




and increased profits. “We’ve gone through a consolidat-              ourselves competitive in a tough retail environment.” Rugs a
ing era and are moving into a growth sector through the               Million uses its buying power to pass on significant savings to
toughest retail times our country has ever known.” Even in            customers who are hard pressed to find a better price for rugs
Queensland, an area Craig says has been hit particularly              anywhere in the nation.
hard, the company’s four new retail locations have all had
                                                                      Going forward, Craig sees continued measured growth and
very successful openings.
                                                                      new successes in the financial year to come, as the company
Although Rugs a Million has manoeuvred itself to the top of           projects another increase in profits over last year. Planned
the rug pile, so to speak, Australia’s rug retail industry has suf-   growth in its physical locations as well as in the web side
fered generally with fewer imports each year and consumers            of the business means that Rugs a Million will be moving
buying cheaper rugs. “The industry has bottomed out in my             even more rugs this year than last and expanding across
opinion, and as soon as a little bit of confidence has been           the nation to serve more customers with its supportive,
restored in the market sector, sales will increase considerably       customer-centric experience.
as a ‘catch up period’ ensues.”

Rugs a Million imports about two thirds of its stock directly
from overseas wholesalers, and the company has built strong
relationships with its vendors, enabling it to amass extensive
buying power. “We probably import 150 containers a year,
which makes us a serious customer for many manufacturers. I
don’t believe anybody can buy better than us so we can keep
For more info:
                     Rugs a Million - Browns Plains Brisbane | Shop B01, Village
                     Square Shopping Centre, 18 Commercial Dve, Browns Plains,
                     QLD, 4118 | Online order enquiries: (07) 5579 0513

                                                   www.rugsamillion.com.au
Project Supporters




                                    www.saleaseman.com.au




   A OCUS MEDIA GROUP PUBLICATION                                                  675 Victoria Street | Abbotsford VIC 3067 | Phone: 02 8412 8119 | ABN 93 143 238 126

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One in a Million Rug Retailer Finds Success

  • 1. One in a Million AS FEaTURED IN BUSINESS in FOCus JULY 2012
  • 2. 2 JULY issue | 2012
  • 4. 4 By David Barratt much of the company’s existence, developing strong inter- national buying power, and after a slow period due to the W HEN purchasing a rug, consumers want to feel the gloomy retail market situation, is experiencing renewed fabric between their fingers and experience the growth, opening several new locations in Australia. true to life vivid colours and patterns. This desire makes rugs one of the few remaining consumer items that “We focus totally on our staff. Of our need to be seen and experienced before being purchased. 150-odd staff, more than half have been Choosing a rug is still very much a “touchy feely” process as Craig Wicks, founder and Managing Director of Rugs a Million with us for more than ten years.” aptly puts it. Thinking back to the founding of the company, Craig Wicks Craig’s company, founded 20 years ago in Queensland, has identifies one major trend as the impetus of growth – the grown to encompass 29 bricks and mortar retail locations sup- decline in popularity of wall-to-wall carpet solutions in Aus- ported by a powerful online presence, placing the company tralian homes. “The timing was quite right as wall to wall car- as Australia’s top of mind name when consumers are looking peting was losing popularity to hard floors. I saw the market for new rugs for their homes. “After a couple years,” Craig evolving almost overnight,” he says of his decision to leave says, “we decided to expand from the Gold Coast to Brisbane the carpet market and move into rugs as the primary focus and area.” Ever since, the company has continued to grow of his business. “As soon as you get hard floors in a house, in a reasonably fast, but controlled manner, moving into its you need rugs aesthetically, acoustically, and to keep warm third state by acquisition, with the purchase of an existing rug in the winter.” company in Adelaide. The trend toward hard flooring continues to grow as Aus- Rugs a Million has experienced measured growth through tralians follow the fashion of America and Europe. “There is
  • 5. 5 still growth in the marketplace as hard floors become more popular, so I see no reason why there won’t be more growth in this country.” Though Craig founded Rugs a Million and is Managing Direc- tor today, he credits the synergy of three key minds and their complementary skill sets with providing the stable founda- tion that has allowed the company its continues growth and success in the market. Craig himself brings a keen marketing and advertising experi- ence to the table, while the company’s General Manager Paul Mifsud brings a wealth of experience in the rug retail industry and a passion for the product. All of these skills are tied to- gether by the accounts department, who work to keep costs down. The three key members work together, meeting each Monday to share ideas and keep their finger on the pulse of the company, the consumer, and their business. And business is good, operated with a strong philosophy of valuing staff, creating a second to none customer expe- rience, and understanding the ever changing fashion of the rug retail industry.
  • 6. 6 “We focus totally on our staff. Of our 150-odd staff, more than half have been with us for more than ten years,” says Craig of the business’ unique company culture. This longevity can be credited to the positive work environment inspired by Craig’s leadership of the company, as well as staff commitment to remaining knowledgeable about the products and provid- ing excellent customer service. “We really pride ourselves on making our customers number one while focusing on the simple basics of good reselling.” Customers are indeed enjoy- ing their shopping experience at Rugs a Million, benefiting from the service and selection provided by the company’s well trained and knowledgeable staff. “We pride ourselves on making our customers number one.” Rugs a Million stays at the top of the marketplace by ensuring that its rugs are current, fashionable, and of high quality for its customers. While offering the highest quality, handmade traditional Persian style rugs, Rugs a Million also designs and imports all the latest fashions from around the world to meet the tastes of all of its customers. “Our buyers are up to date with the colours and fabrics and designs most desired by today’s consumers, and we make sure we have the range of
  • 7. 7 rugs that people want,” says Craig, a range which is second to none in the marketplace. The company’s user friendly five year warranty and money back guarantee is also very appealing to choosy customers, as is the business’ policy of allowing customers to bring rugs home to give them a try. “We’ve gone through a consolidating era and are moving into a growth sector through the toughest retail times our country has ever known.” “Today’s consumers are very well informed because of the in- ternet,” says Craig, “and we ensure that when customers come in they get good solid product knowledge and old fashioned service.” The company’s web store, though it accounts for only about 2 per cent of sales, is a great way for customers to get to know the product before they make their way into any of the many physical retail spaces the company operates. “We embrace the website as synergy, not an opposition. It’s one form of a driver to get customers into our stores,” says Craig of the role played by the company’s web presence. “We
  • 8. 8 benefit in that we do not have the internet as competition where others have not. because rugs are still a touchy feely purchase and colour is “At the end of 2008, this company did not sit on its laurels not represented accurately on the computer screen.” Craig – we reacted immediately to the national financial situation expects the company’s web store to continue to grow, but by cutting off every bit of dead wood the company had, does not anticipate it forming a significant part of the com- including retail locations.” Craig felt that to remain com- pany’s business in the near future. petitive, it was important to make the company as lean and The company also attracts customers to the store with its strong as possible. annual television marketing campaign based around the seasons. Often, customers who see the television ads are “Rugs a Million stays at the top of the prompted to research products on the website before ac- tually entering a store to make their purchase. “We run a marketplace by ensuring that its rugs very strict advertising campaign annually, based on the are current, fashionable, and of high seasons, that allows the Rugs a Million name to be foremost quality.” in our market.” The company has resumed growth generally despite the “I could sense tough retail times ahead, so we worked to be recent dip in national markets that businesses have faced safe and survive anything the economy could throw at us.” across the board. In 2008, the company understandably took The company has not only survived this major test, but a fair hit as markets fell, but with strong leadership, Rugs a as of the 2011 financial year, is experiencing real growth Million has been able to navigate the market successfully
  • 9. 9 and increased profits. “We’ve gone through a consolidat- ourselves competitive in a tough retail environment.” Rugs a ing era and are moving into a growth sector through the Million uses its buying power to pass on significant savings to toughest retail times our country has ever known.” Even in customers who are hard pressed to find a better price for rugs Queensland, an area Craig says has been hit particularly anywhere in the nation. hard, the company’s four new retail locations have all had Going forward, Craig sees continued measured growth and very successful openings. new successes in the financial year to come, as the company Although Rugs a Million has manoeuvred itself to the top of projects another increase in profits over last year. Planned the rug pile, so to speak, Australia’s rug retail industry has suf- growth in its physical locations as well as in the web side fered generally with fewer imports each year and consumers of the business means that Rugs a Million will be moving buying cheaper rugs. “The industry has bottomed out in my even more rugs this year than last and expanding across opinion, and as soon as a little bit of confidence has been the nation to serve more customers with its supportive, restored in the market sector, sales will increase considerably customer-centric experience. as a ‘catch up period’ ensues.” Rugs a Million imports about two thirds of its stock directly from overseas wholesalers, and the company has built strong relationships with its vendors, enabling it to amass extensive buying power. “We probably import 150 containers a year, which makes us a serious customer for many manufacturers. I don’t believe anybody can buy better than us so we can keep
  • 10. For more info: Rugs a Million - Browns Plains Brisbane | Shop B01, Village Square Shopping Centre, 18 Commercial Dve, Browns Plains, QLD, 4118 | Online order enquiries: (07) 5579 0513 www.rugsamillion.com.au Project Supporters www.saleaseman.com.au A OCUS MEDIA GROUP PUBLICATION 675 Victoria Street | Abbotsford VIC 3067 | Phone: 02 8412 8119 | ABN 93 143 238 126