EJ Welch Acquires Gilford-Johnson
St. Louis, MO, January 13, 2022—EJ Welch Company, a division of Center Rock Capital Partners’ Merit Distribution Group based in St. Louis, Missouri, has acquired Blue Equity-owned Gilford-Johnson Flooring.
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RFMS Announces Details of May Conference
Tuscaloosa, AL, January 13, 2022-Resource and Financial Management Systems (RFMS, Inc.), a software developer for the flooring industry, announces that it will host an educational event in 2022, Building on the Best 2022 Owner & Education Conference is scheduled for May 2 to 4 in Nashville, Tennessee.
Omicron May Have Peaked in U.K.
New York, NY, January 13, 2022—The U.K. appears to have passed the peak of the latest wave of Covid-19 caused by Omicron, a promising sign that the highly transmissible variant’s impact may be brief, if intense, and fueling optimism that the pandemic may be waning, according to the Wall Street Journal.
Jobless Claims Declined by 23K in the First Week of January
Washington, DC, January 13, 2022—In the week ending January 8, the advance figure for seasonally adjusted initial claims was 230,000, an increase of 23,000 from the previous week's unrevised level of 207,000, according to the Department of Labor.
Producer Prices Rose 0.2% in December
Washington, DC, January 13, 2022-The Producer Price Index for final demand increased 0.2% in December, seasonally adjusted, the U.S. Bureau of Labor Statistics reported.
Andrew Cogan Named COB for The Rug Company
High Point, NC, January 13, 2022—The Rug Company, a manufacturer of luxury and contemporary rug designs, has named Andrew B. Cogan as chairman of the company’s board of directors, reports Furniture Today.
Mortgage Applications Rose 1.4% in First Week of January
Washington, DC, January 12, 2022-Mortgage applications increased 1.4% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending January 7, 2022.
Consumer Prices Rose 0.5% in December
Washington, DC, January 12, 2022-The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.5% in December on a seasonally adjusted basis after rising 0.8% in November, the U.S. Bureau of Labor Statistics reported.
Shaw to Open Indiana Design Hub to Serve RV Industry
Elkhart, IN, January 12, 2022-Shaw has announced the opening of a new product and design hub in Elkhart, Indiana, the heart of the RV industry.
Inflation Hit Highest Pace in 39 Years at Close of 2021
Washington, DC, January 12, 2022-U.S. inflation closed out 2021 at its highest level since 1982 as robust consumer demand exacerbated pandemic-related supply shortages, reports the Wall Street Journal.