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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? Resilient SPC vinyl plank and vinyl tile continue to represent excellent growth opportunities for 2024. Novalis is now supplying out of China, Mexico, Korea, Vietnam and the U.S. and Vietnam. Moreover, made-in-the-U.S.A.

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Industry Disrupters 2022: Shattering the status quo

Floor Covering News

First up is True Grout for SPC/rigid core tiles and planks. The innovation allows the creation of a middle grout line that mimics two tiles in one. What’s more, this increased resilience was designed to outperform both v-groove and traditional ceramic grout applications in terms of wear and tear. cor, Sheboygan, Wis.

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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.

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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. So, for example, if China becomes a problem, we’re bringing in LVT and tile from numerous other countries. But demand for tile is strong out there.

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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

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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. It now ranks as the No. 2 distributor.