Mohawk & Tarkett Increase Prices on Chinese-Made Products
Chattanooga, TN, May 23, 2019-Mohawk and Tarkett each sent out price increase letters on May 20, citing the Trump administration’s tariffs on Chinese-made goods.
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.
NeoCon Introducing Outdoor Plaza at 51st Edition of Show
Chicago, Il, May 23, 2019-To further enhance the NeoCon experience and address the next frontier of flexible workplaces, the 51st edition will mark the launch of the NeoCon Plaza, a new outdoor amenity space that spans the length of The Mart’s South Drive.
AHF Products to Acquire LM Flooring
Lancaster, PA, May 22, 2019-AHF Products has announces that it will acquire LM Flooring, a Shanghai based importer of engineered hardwood flooring products, with closing expected within 30 days.
Lowe's Comparable Store Sales Rose 4.2% in U.S. in Q1
Mooresville, NC, May 22, 2019-Lowe’s reported sales for Q1 2019 increased 2.2% to $17.7 billion from $17.4 billion in Q1 2018, and comparable sales increased 3.5%. Comparable sales for the U.S. home improvement business increased 4.2%.
Toll Bros. Q2 Income Rose 15.7%
Horsham, PA, May 22, 2019—Toll Brothers announced net income of $129.3 million for Q2 2019, compared to net income of $111.8 million in Q2 2018, an increase of 15.7%.
Home Depot's Comp Store Sales in U.S. Up 3% in Q1
Atlanta, GA, May 21, 2019-The Home Depot reported a 5.7% sales increase YOY for Q1 2019. Comp store sales in the U.S. were up 3%
Existing-Home Sales Inched Down 0.4% in April
Washington, DC, May 21, 2019—Total existing-home sales fell 0.4% from March to a seasonally adjusted annual rate of 5.19 million in April, according to the National Association of Realtors.
I4F Brings Patent Infringe Suit Against Mohawk; Mohawk Refutes
Willemstad, Curaçao, May 21, 2019-I4F announced that it has filed a patent infringement lawsuit against Mohawk for the manufacturing, using, importing, selling and/or offering for sale of Mohawk Molveno and Prizefighter vinyl plank flooring using Unilin’s Unipush locking system in the United States. I4F filed the case before the U.S. District Court for the District of Delaware.
Saroyan Hardwoods Acquires Key Assets of Heppner Hardwoods
Huntington Park, CA, May 21, 2019-Hardwood product manufacturer Saroyan Hardwoods announced that it has acquired key production assets of Azusa, California-based Heppner Hardwoods.
Classen to Introduce Floating Technology for Ceramic Tile
Kaisersesch , DE, May 21, 2019—The Classen Group and the consulting firm Scholz & Partner are collaborating to market dry-tiling technology for the adhesive-free and floating installation of ceramic tiles.