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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

Oberlin, Ohio—The Natural Stone Institute (NSI) has named the winners of its three award programs for 2023. 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. manufacturers, primarily in the monuments industry.

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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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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. 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.

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

Floor Covering News

A series of distributor acquisitions culminating with the 2022 purchases of Blakely Products and All Tile and Carpet Cushions & Supplies (All Tile CCS) created All Surfaces—which formerly operated as Crown Products, a private equity firm. It now ranks as the No. 2 distributor. Mohawk There’s no doubt that the U.S.