Floor Covering News

JANUARY 23, 2024

Since many of them will already be employed by 2025 and 2026, your company’s best chance to find new employees or poach from a competitor will be in 2024. We know that shopping for floor covering is often a terrible user experience, and most retailers don’t have much ability to change that. economy and jobs.

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Floor Covering News

MAY 30, 2023

The commercial flooring sector is going to see growth through the middle of 2024. You’re going to find that you’re busier, you’re going to find that sales are good, you’re going to find that you’re profitable.” So, the Fed has the potential of making a mild recession in 2024 into something steeper that lasts well into 2025.

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Floor Covering News

MARCH 29, 2024

—It has been billed as “the Surfaces of the Northeast,” and for many retailers located in New England, upstate New York and parts of Pennsylvania, NRF Distributors’ New England Flooring Market (NEFM) is indeed their signature flooring event of the season. echoing a refrain shared by many of his fellow retailers.

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Floor Covering News

MARCH 14, 2022

With inflation comes some fear consumers will have less disposable income for purchases like flooring. Not until late 2025 and into 2026.” As demand settles to a more sustainable level, there will still be plenty of need for flooring. The cost to fill up a large SUV these days is greater than some countries’ GDP.

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Floor Covering News

JULY 6, 2022

Retail sales trends. One of the many leading indicators ITR Economics examines in its forecasting models is retail sales trends. Retail sales are, of course, going to slow down,” Beaulieu said, citing the absence of stimulus funding that was injected into the U.S. In fact, retail sales are doing well in many parts of the world.

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Floor Covering News

AUGUST 21, 2023

While there are still four months left before the calendar turns, category experts agree 2023 will likely see the first resilient sales decline for the category. The consensus among the major resilient flooring suppliers is that once the dust clears, 2023 will see resilient sales down mid-to-high single digits. “A

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Floor Covering News

JANUARY 11, 2022

is predicted to grow nearly $80 billion by 2025. Not only is video content an engaging form of storytelling and a way to drive sales, it’s also a major growth hack: Videos on Instagram get more engagement than other formats. The post 10 social media trends for 2022 appeared first on Floor Covering News.

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Floor Covering News

MARCH 5, 2024

The first bright spot, economists say, is movement in the existing home sales numbers. According to the National Association of Realtors (NAR), existing home sales in January—the latest period for which sales numbers are available—rose 3.1% At the same time, he acknowledged existing home sales were down 1.7%

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Floor Covering News

NOVEMBER 28, 2023

No one is expecting floor covering distributors to post banner sales numbers for 2023—certainly not in an environment marked by high inflation and a slumping new home construction market. If you’re on the non-residential side of the street, you’re going to be doing very well in 2024 but you’re going to see some pain in 2025.”

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Floor Covering News

JANUARY 16, 2024

We are forecasting more rapid growth in 2025 with still lower mortgage rates and a persistent housing shortfall.” The housing market, a major driver of residential flooring sales, appears to have passed peak mortgage rates. On a year-to-date basis, NAHB reports new home sales are up between 2.6%

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