Lowe's Clears Last Hurdle in Purchase of Canada's Rona
Ottawa, ON, May 16, 2016—Lowe’s purchase of Rona was approved by the Canadian government under the Investment Canada Act, according to the Toronto Sun.
Today's Flooring News
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.
Builder Confidence Held Steady in May
Washington, DC, May 16, 2016—Builder confidence in the market for newly-built single-family homes remained unchanged in May at a level of 58 on the National Association of Home Builders/Wells Fargo Housing Market Index (HMI).
Kährs Reports Q1 Results, Net Sales Up 1% YOY
Malmö, SW, May 16, 2016—Kährs net sales for Q1 2016 were $84.4 million, or earnings per share of $0.13, an increase of 1% compared with the same period in 2015 when net sales were $83.4 million, with earnings per share of $0.15.
Mannington Cuts Ribbon on New LVT Finishing Plant in Madison, Georgia
Madison, GA, May 13, 2016 – Mannington Mills held a ribbon cutting celebration at its new LVT finishing plant yesterday in Madison, Georgia.
Consumer Sentiment Leaps 7.6% in May, UofM Preliminary Results
Ann Arbor, MI, May 13, 2016—Consumer sentiment rose to 95.8 in May, a 7.6% increase, according to preliminary results from the University of Michigan Survey of Consumers.
Retail Sales Up 1.3% in April, According to Advance Estimate
Washington, DC, May 13, 2016—Advance estimates of U.S. retail and food services sales for April were $453.4 billion, an increase of 1.3% from the previous month, and 3.0% above April 2015, according to the U.S. Census Bureau.
Producer Price Index Rose 0.2% in April
Washington, DC, May 13, 2016—The Producer Price Index for final demand rose 0.2% in April, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Housing Affordability Posted Gain in Q1
Washington, DC, May 13, 2016—Spurred by a modest reduction in mortgage interest rates and favorable home prices, nationwide housing affordability in the Q1 2016 posted a slight increase, according to the NAHB/Wells Fargo Housing Opportunity Index.
Distributive Trade Sales Up 0.3% in March
Washington, DC, May 13, 2016— The combined value of distributive trade sales and manufacturers’ shipments for March was estimated at $1,289.2 billion, up 0.3% from February 2016 but down 1.7% from March 2015, according to the U.S. Census Bureau.
Designjunction + Dwell on Design Opens Today in NYC
New York, NY, May 13, 2016--Designjunction + Dwell on Design opens today in New York City, featuring cutting-edge design as well as conversation.