Appliance manufacturer Caple has announced it will not increase prices as a result of the UK’s decision to exit the EU.
It has pledged that prices will remain frozen across its complete portfolio, which includes sinks and taps, and kitchen and bedroom furniture.
Caple said the decision was made to “show their support” for its retailers.
“We are always looking at ways in which we can support our retailers and protect their margins,” said Caple managing director Danny Lay (pictured). “In the wake of the UK’s vote to leave the EU, many manufacturers have announced price increases. However, we are keen to reassure our retailers that this is not something that Caple is planning to do.”
Caple is the latest in a string of manufacturers and suppliers bucking the trend on implementing price increases this year.
Blum UK stated it would maintain current prices while it waits to see the impact the result has on the economy and the industry.
Meanwhile PWS revealed it would be holding prices until the end of the year and Triton Showers said they had “no immediate plans to increase prices” but may reflect on this should the pound remain weak.
Aqualisa also revealed it would not be opting for a “premature” price increase, but that a weak pound could have an impact on its pricing review in January.
Blanco UK said it wouldn’t be increasing prices and would “wait as long as possible in the hope that the economy stabilises”.
Lightworks director Roy Hughes also reassured its retailers that it was “business as usual” for the company and that current prices would stay the same.