Lorberbaum Offers 2023 Outlook at Edge Summit
Nashville, TN, December 14, 2022-Jeff Lorberbaum, CEO of Mohawk, spoke to the 800 retailer attendees at the Nashville, Tennessee Edge Summit.
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.
I4F Terminates License Agreement with Shanghai Hanna & Anhui Hanhua
Hamont, Belgium, December 14, 2022—I4F, a group of companies providing patents and technologies to the flooring industry, announced the termination of two license agreements. One with Shanghai Hanna Material Co. Ltd. and the other with Anhui Hanhua Building Materials Technology Co. Ltd.
Import Prices Declined 0.6% in Nov., Exports Prices Declined 0.3%
Washington, DC, December 14, 2022—U.S. import prices decreased 0.6% in November following a 0.4% drop the previous month, the U.S. Bureau of Labor Statistics reported.
Vinyl Sustainability Council Releases 2022 Sustainability Report
Washington, DC, December 14, 2022—The Vinyl Sustainability Council (VSC), a self-funded business council advancing sustainability in the vinyl industry, released the 2022 edition of its annual sustainability report, titled Connecting Our Industry to Reach Our Potential.
Second Mohawk Edge 2022 Meeting Underway Now in Nashville
Nashville, TN, December 13, 2022-The second Mohawk Edge meeting began yesterday in Nashville, Tennessee at the Opryland Hotel, running through Thursday.
Inflation Eased to 7.1% in November
Washington, DC, December 13, 2022—The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.1% in November on a seasonally adjusted basis, after increasing 0.4% in October, the U.S. Bureau of Labor Statistics reported. Over the last 12 months, the all items index increased 7.1% before seasonal adjustment.
Sika Makes Minority Investment in Schönox HPS
Florence, AL, December 13, 2022-Schönox HPS North America and Sika Corporation further strengthened their strategic alliance, announcing Sika’s minority investment in the Florence, Alabama-based firm.
Shaw Raises More Than $467,000 for St. Jude
Dalton, GA, December 13, 2022—Shaw reports its St. Jude Memphis Marathon Team has raised more than $467,000 and counting to support the St. Jude Children’s Research Hospital.
LL Flooring to Open 4 Stores in '23, Resume Stock Repurchase Plan
Richmond, VA, December 13, 2022—LL Flooring, formerly Lumber Liquidators, provided a business update in advance of investor meetings, noting the company’s plans to slow new store openings and recommence share repurchases in 2023 under its existing share repurchase program.
Small Business Optimism Inched Up 0.6 Points to 91.9 in November
Washington, DC, December 13, 2022—Inflation remains the top business problem for small business owners, with 32% of owners reporting it as their single most important problem in operating their business, five points lower than July’s highest reading since the fourth quarter of 1979.