May 25, 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.
Lowe's Completes Acquisition of Canada's Rona for $2.4 Billion
Mooresville, NC, May 20, 2016—Lowe’s has completed its previously announced acquisition of Rona, in a transaction valued at $2.4 billion.
JCPenney Testing Empire Today Venture in Two Locations
Plano, TX, May 20, 2016—JCPenney is powering up its Home business by incorporating an appliance showroom to nearly 500 stores, ramping up its window treatment selection and testing initiatives with both Empire Today and Ashley Furniture.
Existing Home Sales Rose in April for Second Straight Month
Washington, DC, May 20, 2016—Total existing-home sales rose 1.7% to a seasonally adjusted annual rate of 5.45 million in April from an upwardly revised 5.36 million in March, according to the National Association of Realtors.
Conference Board Leading Economic Index Jumped in April
Washington, DC, May 20, 2016—The Conference Board Leading Economic Index for the U.S. increased 0.6% in April to 123.9, following no change in March, and a 0.1% increase in February.
FCICA Now Accepting Applications for Bruce Newbrough Memorial Scholarship
West Bloomfield, MI, May 20, 2016—FCICA, in cooperation with ARDEX America and Nora Systems, announced that the next quarterly Bruce Newbrough Memorial Scholarship is available for the Certified Installation Manager Program.
Coverings Releases Attendance Numbers for 2016 Expo
Alexandria, VA, May 20, 2016—More than 25,000 industry professionals attended the week-long 2016 Coverings expo, April 18 to 21, a 15% increase over 2009, the last year Coverings was held in Chicago, and the same number as last year.
Mohawk Group's Light Lab Receives Petal Certification
Dalton, GA, May 19, 2016—Mohawk Group announced that Light Lab, the company’s recently renovated design studio, has received Petal Certification from the International Living Future Institute (ILFI) Living Building Challenge 2.1.
Pharr Yarns Hires Curt Schultze as Director of Carpet Yarn Sales
McAdenville, NC, May 18, 2016-- Curt Schultze has joined Pharr Yarns, based in McAdenville, North Carolina, as director of carpet yarn sales.
Winners of First NYCxDESIGN Awards Announced
New York, NY, May 19, 2016—Six flooring companies were recognized at the first ever NYCxDESIGN Awards, presented by Interior Design and the International Contemporary Furniture Fair.
Zombie Foreclosures Rose to 1.4 Million in Q2
Irvine, CA, May 19, 2016—Nearly 1.4 million U.S. residential properties representing 1.6% of all residential properties were vacant as of May 2016, up 2.7% from the previous quarter, according to RealtyTrac.
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