Floor Covering News

JUNE 27, 2022

flooring industry went on a wild ride dating back to third quarter 2020, which carried through to the end of 2021. In 2021, the average selling price of all flooring was $1.33. Note: These numbers are in wholesale dollars reflecting the first point of sale. In 2021, it was $1.85. increase in 2021.

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Floor Covering News

MAY 20, 2021

Confidence in the market for new multifamily housing increased in the first quarter of 2021, according to results from the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB). The post Multifamily construction improves in Q1 2021 appeared first on Floor Covering News. Washington D.C.—Confidence

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Floor Covering News

MAY 18, 2021

In the second quarter of 2020, residential carpet sales plummeted 23% in volume and 27.4% When all the numbers were crunched for 2020, FCNews research shows overall carpet sales fell 12.5% Total area rug sales fell an estimated 2% to $2.576 billion in 2020, according to industry estimates. billion in 2019. and units gained 9.5%.

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Floor Covering News

DECEMBER 15, 2021

By Ken Ryan Some flooring retailers have referred to 2021 as the “best/worst year ever”—a record sales campaign achieved despite myriad challenges that hamstrung many dealers, leading to record back logs. Despite his comments, Phillips’ businesses achieved record sales in 2021. After that, sales came back with a fury. “It

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Floor Covering News

APRIL 26, 2023

Shaw’s corporate sustainability report highlights the company’s progress and focus on putting people at the heart of its efforts. In addition to this progress, the report focuses on the company’s commitment to its sustain[HUMAN]ability strategy—putting people at the heart of its efforts.

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Ceramics of Italy

JULY 1, 2022

Ceramiche Piemme reported 12% year-on-year revenue growth in 2021 to reach €80 million and an EBITDA of 12.76%, equivalent to €10.3 In mid-2021, for example, the company set up its American branch Ceramiche Piemme USA which has offices in New York and a logistics hub in Chicago. Net profit exceeded €1.5 compared to 2020. “We

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Floor Covering News

APRIL 17, 2023

As the second quarter begins, dealers are reporting that for the most part business activity has kept pace with previous quarters and, in some instances, has accelerated. “As In fact, many retailers are seeing an uptick in their top-line sales. As he explained, “Retail traffic is down substantially; however, sales are not.

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Floor Covering News

JULY 15, 2021

As the pandemic raged on for the next 16 months, it looked as if the 2021 NWFA Expo —slated to take place in what was until recently a still largely shuttered Baltimore—might also be in jeopardy of cancellation. That sentiment was shared by Chris Thompson, regional sales manager with Quebec-based Boa-Franc, maker of the Mirage brand.

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Floor Covering News

NOVEMBER 14, 2022

During the pandemic, 61% of remote workers reported experiencing trouble unplugging. Large brands are expected to introduce print products this year, particularly as the paper shortages from 2021 begin to rebound. Two Sides North America reported that 86% of consumers (and safe to say retailers as well) favor print over digital.

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Floor Covering News

JUNE 29, 2023

F or the second year running tile flooring experienced sales growth after its 2020 decline, which had been the category’s first decrease in several years. Tile flooring was up mid-double digits in dollars in 2022 compared to 2021’s high single-digit increase. That’s a substantial increase over 2021 when it grabbed 11.5%

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Floor Covering News

SEPTEMBER 3, 2020

With few exceptions, flooring retailers continue to report strong activity as they enter the final four months of what has been an unprecedented 2020. Year-to-date, sales in our two retail stores are up a combined 23% over last year.”. By Ken Ryan. In Fort Myers, Fla., LVP continues to be our hottest product,” Taylor said.

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Floor Covering News

MARCH 15, 2021

By Steven Feldman Atlanta—After a few stops and starts, the 2021 Southeast Flooring Market (SEFM) kicked off in earnest here last week amid strict safety protocols. Lori Kisner and Barbara Stroup welcome attendees to the 2021 SEFM. “We That’s according to exhibitors like Chris Dillon, vice president of sales and marketing at Create.

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Floor Covering News

JUNE 26, 2023

Commercial flooring rebounded as sales increased 13.1% billion in 2021 to $7.34 This growth built on momentum witnessed by the industry at the end of 2021 as business conditions improved. flooring sales, according to Floor Covering News research. from roughly $6.5 billion in 2022, Floor Covering News research shows.

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Floor Covering News

JULY 14, 2022

R esidential carpet sales grew an impressive 17.2% in 2021, according to FCNews estimates, while the average selling price rose 7% last year and 12.7% People are looking for style and design in the high-end part of the soft surface market,” said Don Karlin, director of broadloom sales, Nourison. in Q1 2022. Home values rising.

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Floor Covering News

MAY 28, 2020

That’s according to anecdotal information provided by industry executives FCNews contacted for its annual Main Street market report. Other industry executives report similar experiences and observations. We’re seeing an uptick in order entry, and eventually that will turn to sales,” he told FCNews. “I

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Floor Covering News

OCTOBER 31, 2022

Following what for many was a record 2021 , flooring distributors weren’t certain what to expect in 2022 given inflationary pressures, interest rate hikes and recessionary fears. As it unfolded, the majority of FCNews ’ Top 20 distributors are forecasting sales increases for 2022, including a few with double-digit jumps. .

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Floor Covering News

FEBRUARY 28, 2022

“Clearly that drove some of the attendance, but we have also a strong following wherever we go, and I think that really is a testament to the sales leadership we have in each of the regions where we held the events,” Bartley noted. “We The post Report card on Mohawk’s 2022 Roadshows: A+ appeared first on Floor Covering News.

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Floor Covering News

FEBRUARY 25, 2022

Confidence in the market for new multi-family housing improved in the fourth quarter of 2021, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB). Even though the MOI fell six points to 69, it remains as high as it’s been at any time prior to the second quarter of 2021.

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Floor Covering News

SEPTEMBER 21, 2021

By Ken Ryan—N othing—not a global supply chain slowdown, labor shortage or delta variant—has put a crimp in sales for flooring dealers as they enter the fall season with gale-force winds at their backs. Multiple retailers say they are up double digits in 2021 vs. 2020, and for many 2020 was their historical high-water mark for sales.

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Floor Covering News

JANUARY 12, 2021

Flooring retailers reported sales of carpet improved sharply last year—in part due to the home renovation surge ushered in by the COVID-19 pandemic as well as technology improvements that have created a more desirable product. “By By Ken Ryan. Nuckols, president of the residential division of The Dixie Group. “We

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Floor Covering News

JULY 30, 2021

NAHB’s Housing Trends Report (HTR) found that 64% of prospective home buyers in the second quarter of 2021 expect that finding the right home will be harder in the months ahead, compared to 54% in the last quarter of 2020. million from May to June 2021—buyers are still hampered with rising home prices. Midwest: 23% vs. 19%.

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Floor Covering News

NOVEMBER 29, 2023

D ue to a change promulgated by the American Rescue Plan of 2021, small businesses that are utilizing digital payment services such as PayPal, Venmo, Cash App, etc., Any third-party settlement provider accepting credit cards on behalf of the business and putting money into the business’ bank account will have to be reported to the IRS.

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Floor Covering News

JUNE 26, 2023

Still, flooring once again was able to continue its positive trajectory in dollar sales, which it has done every year since the Great Recession of 2008-09 except for the pandemic-impacted 2020. With that said, unit sales remain at its fourth-highest level ever. FCNews research shows commercial flooring sales totaled $7.34

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Floor Covering News

JUNE 28, 2022

The stars were aligned for the carpet category in 2021 as a confluence of factors produced gains not likely to be duplicated in the near future. When all the numbers were tabulated for 2021, FCNews research found that overall carpet sales grew 11.5% to $8.201 billion compared with $7.355 billion carpet sales in 2020.

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Floor Covering News

JUNE 26, 2023

Commercial flooring rebounded as sales increased 13.1% billion in 2021 to $7.34 This growth built on momentum witnessed by the industry at the end of 2021 as business conditions improved. flooring sales, according to Floor Covering News research. from roughly $6.5 billion in 2022, Floor Covering News research shows.

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Floor Covering News

APRIL 22, 2020

Several recent reports assessing the market (remodeling and new construction) paint a picture of mixed results—not great but not disastrous, either. Remodeling activity is likely to see a decrease through the first quarter of 2021, according to the latest Leading Indicator of Remodeling Activity (LIRA).

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Floor Covering News

MARCH 21, 2022

The company has expanded capacity at each of its eight plants in 2021. Rising food and rent costs contributed to the big increase, the Bureau of Labor Statistics said, as did a surge in gas prices that will become more pronounced in the March inflation report. These investments are already paying dividends for AHF. cor, Sheboygan, Wis.

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Floor Covering News

APRIL 20, 2021

.— FCNews is in attendance as all but four NFA members converge on Barnsley Gardens, here, to discuss new products and marketing strategies for 2021 at the NFA spring meeting. A key indication that 2021 is going to continue to be a record breaking year for the industry, despite some ongoing challenges.

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Floor Covering News

AUGUST 20, 2021

The index and all of its components are scaled so that a number below 50 indicates that more respondents report conditions are getting worse than report conditions are improving. For-sale units/condominiums. Market-rate rental units/apartments that are built to be rented at the price the market will hold.

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Floor Covering News

JUNE 22, 2021

Despite tile’s ongoing growth for several years, the category hit a snag in 2019 and 2020 as sales dropped and growth stagnated. Industry experts have pointed to challenges like labor shortages, supply issues and rising costs as the culprits, but 2021 presents unique opportunities. So, what gives? That’s compared to the 17.8%

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Floor Covering News

JUNE 9, 2020

That’s according to anecdotal information provided by industry executives FCNews contacted for its annual Main Street market report. Other industry executives report similar experiences and observations. The company has also been working hard with its R&D teams during the pandemic to create new collections for late 2020 and 2021.

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Floor Covering News

SEPTEMBER 21, 2021

By Ken Ryan—N othing—not a global supply chain slowdown, labor shortage or delta variant—has put a crimp in sales for flooring dealers as they enter the fall season with gale-force winds at their backs. Multiple retailers say they are up double digits in 2021 vs. 2020, and for many 2020 was their historical high-water mark for sales.

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Floor Covering News

DECEMBER 28, 2021

By Ken Ryan Flooring retailers remain optimistic that the record sales achieved in 2021 will carry over into the first part of 2022, suggesting that demand for flooring continues to outweigh supply chain disruptions, inflation and COVID-19 variants. Others sounded more guarded about future prospects given recent developments.

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Floor Covering News

MARCH 1, 2022

By Ken Ryan—F ollowing what for many was a record-setting 2021 for top-line sales, flooring dealers say another memorable year can be attained despite rising inflation. retail sales rose in January by a seasonally adjusted 3.8%, according to the Census Bureau. The bigger picture bears that out as U.S. had similar results.

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Floor Covering News

JUNE 13, 2022

Early in [2021], there was little investment in office and hospitality segments in particular,” observed Greg Mather, president of Crossville. billion commercial flooring business, rebounded in 2021 as sales were relatively flat after posting a double-digit falloff the prior year. “I Bureau of Labor Statistics reported.

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Floor Covering News

JUNE 1, 2022

If the proposed plans are approved, the company is on course for a June 20 sale approval, with auction bids due June 14. Publicly held Armstrong Flooring reported that selling the company’s assets is the best way to maximize value for stake-holders, and that it has to keep going to maintain the value of the company.

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Floor Covering News

APRIL 13, 2021

As a result, more than half of all businesses (60%) say they are planning to increase their IG budgets in 2021, according to Hootsuite’s annual social media report. in the most recent quarter—more than three times Facebook at 2.2%, the report found. With Live Rooms, brands can reach new audiences, drive sales and engage.

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