Remove Ceramics Remove Sales Remove Stone Remove Vietnam
article thumbnail

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? Novalis is now supplying out of China, Mexico, Korea, Vietnam and the U.S. Continued market share—taking share like it is already doing with ceramic tile, hardwood, laminate—and developing new products and new innovations.

article thumbnail

Exclusive: MSI sees opportunities amid challenges

Floor Covering News

Raj Shah, MSI co-CEO M S International, more commonly known as MSI, started making headlines about 15 years ago as an affordable source of ceramic tile and stone. Overall, sales growth was a bright spot. MSI, just like everyone, got over-inventoried because we assumed sales would continue to grow. That’s our expertise.

Ukraine 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

MSI’s Shah outlines his strategy for success

Floor Covering News

Today, the company more commonly known as MSI is eclipsing the $2 billion mark in annual sales and leveraging that volume into providing more value to the end consumer. We’re in all hard surfaces, we’re in countertops, whether it’s natural stone or quartz, and have leading market share in both of those.

article thumbnail

STATS: SPC segment continues to lead the charge

Floor Covering News

FCNews research shows the category generated $6.589 billion in sales (not including rubber) in 2020—an industry-leading 21.3% In terms of volume, the category accounted for 5.455 billion square feet (not including rubber) at the first point of sale, a 19.5% of sales vs. 2019’s 45.1%. Existing home sales grew to 5.64

article thumbnail

Industry disrupters 2024: Internal factors, external forces upend status quo

Floor Covering News

The segment posted astronomical gains year over year, beating out every other flooring category in terms of growth and stole share from carpet, hardwood, ceramic and laminate. retail sales often experience a noticeable dip during election years, as consumers curtail discretionary spending. Mohawk There’s no doubt that the U.S.