Lowe's Sales Stable but Earnings Down in Q4
Mooresville, NC, February 28, 2019-Lowe's reported a net loss of $824 million for Q4 2019, compared to net earnings of $554 million in Q4 2017.
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.
GDP Rose 2.6% in Q4
Washington, DC, February 28, 2019-Real gross domestic product (GDP) increased at an annual rate of 2.6% in the fourth quarter of 2018, according to the initial estimate released by the Bureau of Economic Analysis.
Redi Carpet Acquires San Diego-Based Bonded Inc.
Stafford, TX, February 28, 2019-Redi Carpet has announced the acquisition of Bonded Inc., a San Diego-based floor and window covering company.
Domotex USA Launches Today in Atlanta
Atlanta, GA, February 28, 2019-The inaugural edition of Domotex USA opens today in Atlanta, Georgia at the Georgia World Congress Center.
Homeownership Rates Held Steady in Q4
Washington, DC, February 28, 2019—The homeownership rate of 64.8% was not statistically different from the rate in Q4 2017 (64.2%) nor from the rate in the third quarter 2018 (64.4%), according to the U.S. Census Bureau.
Invista Launches New Antron Lumena DNA Fiber System
Kennesaw, GA, February 28, 2019-Invista today launched Antron Lumena DNA fiber, the first nylon fiber system with built-in, long-lasting protection against the top performance attributes- stain, soil, texture.
Xpress Global Systems Opens Larger Chicago Service Center
Chattanooga, TN, February 28, 2019—Xpress Global Systems (XGS) has opened a new service center in the Chicago, Illinois market.
TISE Reports 2019 Show Stats
Dallas, TX, February 28, 2019-The International Surface Event reports that the 2019 edition pulled in attendees came from 77 countries and every corner of North America.
NWFA Offering Hardwood Flooring CEU Opportunities
St. Louis, February 28, 2019—The National Wood Flooring Association will present two CEUs at the French-Brown Facility in Dallas, Texas, March 27 from 11:30 a.m. to 2:30 p.m. The courses qualify for continuing education credits with AIA and IDCEC.
Lighthizer Testifying Before House Committee On Chinese Trade
Washington, DC, February 27, 2019—Trade representative Robert Lighthizer, tasked with leading trade negotiations with China, is testifying before the House Ways and Means committee this morning about China trade relations.