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.
Dalton, GA, November 3, 2020-The Dixie Group announced the successful negotiation of a $75 million, five year, senior secured revolving credit facility with Fifth Third Bank National Association, providing for borrowing based on percentages of values of the company's accounts receivable and inventory, and secured by a first priority interest in the company's accounts receivable and inventory.
Washington, DC, November 3, 2020—New orders for manufactured goods in September, up five consecutive months, increased $5.2 billion or 1.1% to $475.0 billion, the U.S. Census Bureau reported. This followed a 0.6% August increase.
Richmond, VA, November 2, 2020-LL Flooring, formerly known as Lumber Liquidators, reported Q3 net sales of $296 million, an increase of 12.1% compared to Q3 2019’s $264 million.
Washington, DC, November 2, 2020—Construction spending during September 2020 was estimated at a seasonally adjusted annual rate of $1,414.0 billion, 0.3% above the revised August estimate of $1,410.4 billion, according to the U.S. Census Bureau.
Tempe, AZ, November 2, 2020—The October Manufacturing Purchasing Managers’ Index (PMI) registered 59.3%, up 3.9 percentage points from the September reading of 55.4% and the highest since September 2018 (59.3%), according to the Manufacturing ISM Report On Business.
Viken, Sweden, November 2, 2020—Välinge is pleased to announce that Elias Wilf, servicing the mid-Atlantic market from North Carolina to New York, has signed up to be the first residential distributor of Välinge Flooring’s new range of XXL hardwood flooring.
Washington, DC, October 30, 2020-Builder confidence in the single-family 55+ housing market was at an all-time high in the third quarter, jumping 18 points to 83, according to the National Association of Home Builders’ (NAHB) 55+ Housing Market Index (HMI).
Atlanta, GA, October 30, 2020-Floor & Decor reported a Q3 2020 net sales increase of 31.4% to $684.8 million from $521.1 million in Q3 2019.
Calhoun, GA, October 30, 2020-Mohawk reported Q3 2020 net sales of $2.6 billion, an increase of 2% compared to Q3 2019 net sales of $2.5 billion. Net earnings were $205 million in Q3 2020, a 31% increase compared to Q3 2019 net earnings of $156 million.
New York, NY, October 30, 2020-Informa Markets has consolidated its North America-headquartered brands under a single leadership team led by Nancy Walsh, who has been promoted to the role of president of the expanded North America portfolio, succeeding Rick McConnell.