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.
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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.
Orders for Manufactured Goods Fell 10.3% in March
Washington, DC, May 4, 2020--New orders for manufactured goods in March, down four of the last five months, decreased $51.0 billion or 10.3% to $445.8 billion, the U.S. Census Bureau reported.
Tarkett Impacted by Cyber Attack
Paris, FR, May 4, 2020--Tarkett announced that it is the victim of a cyber-attack that has affected part of its operations since April 29, despite the IT security measures implemented by the Group.
Construction Spending Rose 0.9% in March
Washington, DC, May 1, 2020—Construction spending during March 2020 was estimated at a seasonally adjusted annual rate of $1,360.5 billion, 0.9% above the revised February estimate of $1,348.4 billion, according to the U.S. Census Bureau.
Tarkett Reports 0.2% Net Sales Increase for NA Business, Down 2.2% Global
Paris, FR, April 29, 2020-Tarkett reported a global net sales decrease of 2.2% for Q1 2020.
Builder Confidence in 55 Housing Market Posts 30-Point Drop
Washington, DC, May 1, 2020--Builder confidence in the single-family 55+ housing market dropped 30 points to 38 in the first quarter, according to the NAHB 55+ Housing Market Index (HMI). This is the lowest reading since the fourth quarter of 2012.