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Stats 2023: Laminate resurgence drives sales higher

Floor Covering News

laminate flooring category generated in late 2020 and throughout 2021 continued to positively impact segment sales in 2022. laminate flooring market generated approximately $1.382 billion in sales last year at the first point of sale—an uptick of 6% over the year prior. of sales—in keeping with the percentage from 2021.

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The Natural Stone Institute announces 2023 award recipients

Floor Covering News

In 1981, while still operating MSI out of their basement, the Shahs secured the contract to supply black granite for the Vietnam Veterans Memorial in Washington, D.C. With leadership shared by sons Raj and Rup Shah, MSI was recently projected to reach sales of more than $3 billion and employ over 3,500 people worldwide.

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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. Later in the spring, retailers can look forward to stylish new designs in our Art Select collection.

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

Floor Covering News

PureGrain direct digital print DLVT flooring uses digital embossing technology to create high-definition designs directly on a high-density rigid core. What’s more, the initiative is designed to change how retailers and manufacturers work together to sell that flooring. These products offer the realistic look and feel of actual wood.

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Laminate: Giving rigid core flooring a run for its money

Floor Covering News

Following is an overview of some of the latest laminate flooring products designed to give rigid core a run for its money. While the SPC/LVT business remains strong, import supply chain challenges have created a new opportunity for our laminate, which is predominately made in the USA,” said Chris King, vice president of sales, AHF Products.

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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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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. So, if one turns off, we can turn another one on.