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Executive forecast 2024: No signs of stopping resilient flooring

Floor Covering News

Dick Quinlan senior VP sales and marketing, Wellmade What is your projection for the category in 2024? LVT will continue to grow share in the resilient category, but economic concerns such as interest rates, consumer confidence, labor issues and tighter lending standards can and will have an impact on the overall flooring market.

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Resilient 2023: Industry-wide challenges mitigate growth

Floor Covering News

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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10 social media trends for 2022

Floor Covering News

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. From influencer partnerships to event speaker lineups, we hope it becomes more of a standard moving forward.

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NAFCD 2023: Forecast shows improvement over long term

Floor Covering News

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.”