Floor Covering News

JUNE 28, 2022

Hannover, Germany—With a host of new features, Domotex 2023 will run from Jan. 12-15 at the Hannover Exhibition Center, here. Show organizers said the 33rd edition of the world’s most important trade show for carpets and floor coverings will be a strong and innovative event. Domotex 2023 show organizers said it the show will have several new features: a modern and optimized arrangement of the two newly introduced Domotex labels “Rugs” and “Flooring;” as well as an a

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Floor Covering News

JUNE 28, 2022

Max Holland. FEI Group has entered into a strategic partnership with Nationwide Marketing Group, the independent retail channel’s largest buying, marketing and business support organization. The alliance aims to provide FEI members with an expanded slate of digital tools to enhance their business needs. The partnership with Nationwide Marketing Group, which supports more than 5,000 independently owned businesses across North America in several industries, includes an equity position in FEI, the

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Floor Covering News

JUNE 28, 2022

New York, N.Y.—Material Bank acquired Architizer, a global digital powerhouse in the architecture space. Architizer is home to the world’s largest database of architectural projects and is a renowned and trusted source for architects, interior designers, landscape architects and other AEC professionals. Material Bank’s acquisition of the platform links Architizer’s best-in-class design resources with Material Bank’s powerful specification tools, empowering the industry to work more effectively a

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Floor Covering News

JUNE 28, 2022

If your business is looking to sell real estate and then reinvest those proceeds into other real estate properties, there are tax implications you need to be aware of. As a result of the Tax Cuts and Jobs Act (TCJA) enacted in 2017, the trading of like-kind personal property for other personal property is now considered a taxable event. Before the TCJA, 1031 exchanges applied to more than just real estate.

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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. Residential carpet sales were up an astounding 17.2%.

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Floor Covering News

JUNE 28, 2022

Newly released information from the U.S. Census Bureau confirms that the population shifts that began in the immediate aftermath of the COVID-19 pandemic not only persists today but is also gaining momentum. That’s according to recent U.S. Census Bureau article, “ New Data Reveal Most Populous Cities Experienced Some of the Largest Decreases ,” in which the authors—Amel Toukabri and Crystal Delbe— discuss the “great migration” phenomenon at length.

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