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Tariffs can’t derail LVT’s momentum

Floor Covering News

And there’s a good reason why: Despite the reinstatement of 25% tariffs on all vinyl flooring made in China, dealers say the LVT category—led by rigid core/SPC— continues to dominate sales in 2020. 7, 2020—exempted many rigid LVT products from the 25% tariff. And, no, the tariff has not slowed our LVP sales.”. 24, 2018 to Aug.

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MSI’s Shah outlines his strategy for success

Floor Covering News

According to their son, Raj Shah, president, it’s in the company’s DNA to continuously find ways to engineer methodologies in logistics, product innovation and merchandising and marketing strategies to make flooring and countertops more affordable and accessible to the consumer without sacrificing manufacturer or retailer profitability.

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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%. increase over 2019’s $5.433 billion.

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Stats 2021: Price hikes, organic growth drive wood’s increases

Floor Covering News

After experiencing declines in both sales and square footage in 2019 and 2020, the U.S. FCNews research shows wood flooring sales at the first point of sale in 2021 totaled a record $2.67 Hardwood’s performance in 2021 helped the category increase its share of total floor covering sales, albeit slightly, to 10%.

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