Industrial Production Down in December on Utilities and Mining
Washington, DC, January 15, 2016—Industrial production declined 0.4% in December, primarily as a result of cutbacks for utilities and mining, according to the Federal Reserve.
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.
Mohawk to Invest in U.S. and European LVT Production During 2016
Calhoun, GA, January 14, 2016—During 2016, Mohawk’s investments in North America and Europe will double the company’s worldwide luxury vinyl tile (LVT) production capacity and add new product capabilities.
Distributive Trade Sales & Manufacturers Shipments Fell Slightly in November
Washington, DC, January 15, 2016—The combined value of distributive trade sales and manufacturers’ shipments for November was estimated at $1,313.5 billion, down 0.2% from October 2015 and down 2.8% from November 2014, the U.S. Census Bureau announced.
Vinnie Virga Assumes Controlling Interest of Big Bob's Flooring
Kansas City, KA, January 14, 2016—Vinnie Virga has taken over the executive management of Big Bob’s Flooring after purchasing a controlling interest in the organization.
December Retail Sales Tick Down 0.1% from Previous Month, Rise YOY
Washington, DC, January 15, 2016—Advance estimates of U.S. retail and food services sales for December were $448.1 billion, a decrease of 0.1% from the previous month, and 2.2% above December 2014, the U.S. Census Bureau announced.
Foreclosure Filings Fell 3% in 2015
Irvine, CA, January 14, 2016—Foreclosure filings were reported on 1,083,572 U.S. properties in 2015, down 3% from 2014 and down 62% from the peak of 2,871,891 properties with foreclosure filings in 2010, according to RealtyTrac.
Metroflor Expanding Distribution Partnerships with Four Firms
Norwalk, CT, January 14, 2016—Metroflor Corporation announced that effective January 1, Herregan Distributors, Apollo Distributing, William M. Bird and Company and Ohio Valley Flooring all expanded their service areas for Metroflor LVT products.
Texas Retailer Red Marron Dies
Dalton, GA, January 14, 2016—Joseph E. Marron, or Red as many called him, passed away on January 6.
USFloors Receives Third Patent on Coretec
Dalton, GA, January 13, 2016—USFloors’ third Coretec patent was issued yesterday, providing the broadest protection to date for its Coretec products.
Jay Gould Named President and COO of Interface
Atlanta, GA, January 13, 2016—Jay Gould has been appointed president and chief operating officer of Interface, according to the company’s board of directors.