Retail Trade Sales Down from Previous Month But Up YOY
Washington, DC, March 12, 2015—Retail trade sales were down 0.6% (±0.5%) from January 2015 but up 1.0% (±0.9%) over 2014, says the Commerce Department.
Today's Flooring News
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Trade Sales & Manufacturer Shipments Edge Down in January
Washington, DC, March 12, 2015—The combined value of distributive trade sales and manufacturers’ shipments for January was estimated at $1,302.5 billion, down 2.0% from December 2014 and down 0.3% from January 2014, says the Commerce Department.
Millennials Account for Largest Share of Home Buyers, Says NAR
Washington, DC, March 12, 2015—The millennial generation represented the largest share of recent buyers, according to the 2015 National Association of Realtors Home Buyer and Seller Generational Trends study.
U.S. Container Imports Down Over 5% in 2015
Minneapolis, MN, March 12, 2015—Total U.S. container imports are down over 5% this year, compared to January and February of 2014, reports Zepol. Nearly the entire decline in imports is attributed to the West Coast ports of Los Angeles and Long Beach.
Fuse Alliance Focuses on Digital Marketing to Raise Awareness
Laguna Niguel, CA, March 12, 2015—Fuse Alliance, a member-owned organization of professional, commercial flooring contractors, unveiled a next generation public facing website that clarifies the group's target audience and services offered.
Parterre's Vertu Resilient Plank Wins ADEX Recognition
Wilmington, MA, March 12, 2015—Parterre’s Vertu Resilient Plank won two ADEX awards.
Three Tarkett Rubber Textures Win ADEX Platinum
Chagrin Falls, OH, March 12, 2015—Tarkett received the Platinum Award for Design Excellence (ADEX) for its new range of rubber textures: Brushed, Concrete and Leather.
LL Class Action Lawsuits Extend Beyond Formaldehyde Issue
Toana, VA, March 11, 2015—Lumber Liquidators is currently facing at least 12 class action lawsuits.
Armstrong Top Execs Offered Retention Award to Stay Through Spinoff
Lancaster, PA, March 11, 2015—Armstrong World Industries is giving three of its top executives an incentive to stay at the company through the spinoff of its flooring business into a new, independent company next year, reports Lancaster Online.
Foreclosure Inventory Fell 33.2% Year Over Year
Irvine, CA, March 11, 2015—CoreLogic's January 2015 National Foreclosure Report reveals U.S. foreclosure inventory declined 33.2% from January 2014, and completed foreclosures declined 22.5%, reports World Property Journal.