Mohawk Reports Q1 Sales Decline of 6.4% YOY, Net Earnings Down 9%
Calhoun, GA, May 5, 2020-Mohawk Industries reported net sales of $2.3 billion for Q1 2020, a 6.4% decline year over year.
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.
Taylor to Distribute Bruce Flooring Adhesives
Mountville, PA, May 5, 2020-AHF Products has announced an agreement with Taylor Adhesives to be the exclusive distributor of Bruce flooring adhesives.
High Point Announces Event Lineup for Virtual Market
High Point, NC, May 5, 2020—International Market Centers (IMC) has announced a lineup of seminars and events and new product discovery opportunities for its IMC High Point Virtual Market, a three-week-long digital event running from May 11 through May 29 on IMC’s High Point Market website.
U.S. Trade Deficit Widened by $4.6B in February
Washington, DC, May 5, 2020-The goods and services deficit was $44.4 billion in March, up $4.6 billion from $39.8 billion in February, revised, The U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced today.
Aspecta Forms Distribution Partnership for Elemental in Canada
Norwalk, CT, May 5, 2020—Aspecta North America announced that Division9/Shnier will market and distribute its new Elemental by Aspecta LVT collection in the Canadian marketplace.
Twenty & Oak Launches Virtual Showroom
Charleston, SC, May 5, 2020—Twenty & Oak, subsidiary of Southern Diversified Distributors, recently launched an interactive online flooring showroom that allows consumers to browse flooring displays from home.
Mannington Producing Face Shields in Madison, Georgia
Salem, NJ, May 5, 2020—In collaboration with a materials partner, Klockner Pentaplast, Mannington Mills’ facility in Madison, Georgia has made 1,000 clear face shields to donate to front line workers.
NWFA Reports on Virtual Wood Flooring Expo
St. Louis, MO, May 5, 2020—The National Wood Flooring Association (NWFA) has concluded its first-ever Virtual Wood Flooring Expo.
Berkshire Hathaway Reports Q1 Loss of $49B; Buffett Says U.S. Will Recover
Omaha, NE, May 4, 2020-Berkshire Hathaway, which owns Shaw Industries, reported a $49.7 billion loss for Q1 2020, compared to a $21 billion gain in the same period of 2019, but at an annual stakeholder meeting on May 2, Berkshire Hathaway CEO Warren Buffett offered that the U.S. economy will recover steadily from the coronavirus pandemic, reports the Wall Street Journal.
Shaw Releases Toolkit to Assist Retailers with Recovery
Dalton, GA, May 4, 2020—Shaw Industries Group has released a comprehensive online toolkit to flooring retailers nationwide.