BDNY Underway Now in New York City
New York, NY, November 14, 2022--Boutique Design New York (BDNY), a trade fair and conference for hospitality’s boutique and lifestyle design community, is underway now at the Javits Center in New York City.
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.
Ceramic Imports from India Rose Significantly in September
New York, NY, November 14, 2022—In September, imports from India rose 29.9% from 15.7 million square meters in 2021 to 20.4 million square meters in 2022. Brazil's imports increased by 5.9% from 1.6 million square meters to 16.5 million square meters. Imports from all other main countries decreased.
Välinge's Parent Company Acquires Croatian Furniture Maker
Viken, Sweden, November 14, 2022—Pervanovo, the parent company of Bjelin industries in Croatia and Välinge Group in Sweden, has through its subsidiary Välinge Croatia signed an agreement to acquire 85% of the shares in the Croatian furniture company Spin Valis.
Only 42.2% of Homes Affordable to Median Income Earners in Q2
Washington, DC, November 11, 2022-Just 42.2% of new and existing homes sold between the beginning of July and end of September were affordable to families earning the U.S. median income of $90,000, according to the NAHB/Wells Fargo Housing Opportunity Index (HOI).
Consumer Sentiment Declined 8.7% in Early November
Ann Arbor, MI, November 11, 2022—Consumer sentiment declined 8.7% to 54.7 in early November, according to preliminary results from the University of Michigan Survey of Consumers.
Jay Flynn Named VP of Business Development for Cali
San Diego, CA, November 11, 2022-Jay Flynn, formerly of DCS Partnership Group and Broadlume, has been named vice president of business development for Cali.
Ex-Mexican Partner Guilty of Breach of Fiduciary Duty Against Kolay
Los Angeles, CA, November 11, 2022—In a legal business dispute waged in the United States and Mexico, a U.S. District Court judge on November 9 entered judgment on a jury’s verdict that the Mexican defendants, Luis Barroso De La Fuente and a rival company he created, conspired to breach fiduciary duties owed to their U.S. partner, City of Industry, California-based Kolay Flooring International and its owner, president and CEO Dan Mitchell.
Shaw Wins 2022 St. Jude Organizational Support Award
Dalton, GA, November 11, 2022—Shaw has been awarded the 2022 St. Jude Organizational Support Award, which recognizes a partner who has found innovative ways to support the lifesaving mission of St. Jude Children’s Research Hospital through employee participation and an array of fundraising programs.
October Inflation Shows Signs of Easing
Washington, DC, November 10, 2022-The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported.
CRI Holds Annual Meeting, Shaw's Wyatt Rollins Wins Smrekar Award
Dalton, GA, November 10, 2022-The Carpet and Rug Institute (CRI) hosted its annual membership meeting on November 9 to announce new members to the board of directors and present the Joseph J. Smrekar Memorial Award for service to the carpet industry.