April 29, 2016
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Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Mohawk CEO Lorberbaum Earned Pay Increase in 2015
Calhoun, GA, April 5, 2016—Mohawk CEO Jeff Lorberbaum received a 22% pay increase in 2015, according to the Chattanooga Times Free Press, from $5 million in 2014 to $6.1 million in 2015.
Non-Manufacturing Growth Continued in February
Tempe, AZ, April 5, 2016—The Non-Manufacturing Index registered 54.5% in March, 1.1 percentage points higher than the February reading of 53.4%, according to the ISM Report On Business.
Lumber Liquidators Wins Tentative Ruling in Labeling Case
Toana, VA, April 5, 2016-- Lumber Liquidators won a tentative ruling dismissing claims that it failed to adequately warn consumers about cancer-causing formaldehyde found in some of its laminate flooring, according to Bloomberg.
Stifel to Host Consumer Update Conference Call
St. Louis, MO, April 5, 2016—The Stifel Consumer & Retail Research Team will host a consumer update conference call, titled "March Madness – Early Easter Complicates Results", on April 5 at 2:00 p.m. EST.
Job Openings Rose in January, Hires & Separations Fell
Washington, DC, April 5, 2016—The number of job openings rose to 5.5 million on the last business day of January, the U.S. Bureau of Labor Statistics has reported.
Domotex Asia/Chinafloor Attendance Up 9.3%
Shanghai, CH, April 5, 2016—The 18th edition of Domotex Asia/Chinafloor gathered 1,303 exhibitors from 39 countries and attracted 50,398 trade visitors from more than 110 nations.
Registration for CFA Member Day at Coverings Ends Today
Chicago, IL, April 5, 2016—Today is the last day for Chicago Floorcovering Association (CFA) members to register for the CFA Member Day at Coverings.
Merger of Engineered Floors & J+J Flooring Group Complete
Dalton, GA, April 4, 2016—Engineered Floors, LLC has announced that the merger with J+J Flooring Group has been completed.
Crossville, Inc. Acquires Contempo Tile & Stone
Crossville, TN, April 4, 2016—Officials with Crossville, Inc. have announced the company’s acquisition of Contempo Tile & Stone, a distribution business with four locations in Utah, as well as one in Boise, Idaho.
Orders for Manufactured Goods Fell 1.7% in February
Washington, DC, April 4, 2016—New orders for manufactured goods in February, down three of the last four months, decreased $8.0 billion or 1.7% to $454.0 billion, the U.S. Census Bureau has reported.
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