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.
Highlands Ranch, CO, February 24, 2017—Floor & Decor has settled a $14 million class action lawsuit over claims it was acting unethically in the sale of Chinese-made laminate flooring, tampering with labeling relating to country of origin and compliance with formaldehyde limits, reports CBS Denver.
Kaisersesch, DE, February 24, 2017—Laminate flooring producer W. Classen GmbH & Co. KG (Classen) is pleased to announce the appointment of Mr. Jürgen Resch, managing director of sales.
Atlanta, GA, February 23, 2017—Interface announced net sales for the fourth quarter 2016 were $239.5 million, down 2.9% compared with sales of $246.6 million in the fourth quarter of 2015.
Horsham, PA, February 23, 2017—Toll Brothers Q1 2017 net income was $70.4 million and earnings per diluted share were $0.42, compared to net income of $73.2 million and $0.40 per share diluted in FY 2016’s first quarter.
Washington, DC, February 23, 2017—The Architecture Billings Index (ABI) dipped slightly into negative territory in January with a score of 49.5, after a very strong showing in December, down from a score of 55.6 in the previous month.
Washington, DC, February 22, 2017—Total existing-home sales expanded 3.3% to a seasonally adjusted annual rate of 5.69 million in January from an upwardly revised 5.51 million in December 2016, according to the National Association of Realtors.
Santa Fe Springs, CA, February 22, 2017—Galleher Corp. has acquired the production assets of the Copper Plank Mill in Phoenix, Arizona.
St. Louis, MO, February 22, 2017—Analyst Stifel offers the following analysis of Lumber Liquidator’s (LL) fourth quarter 2016 earnings report, which was released yesterday.
Dallas, TX, February 22, 2017—Certified Floorcovering Installers Association (CFI) has formed a partnership with South African based FiTA to bring ongoing floorcovering installation training classes and certification to professionals throughout the country and beyond.
Atlanta, GA, February 21, 2017—The Home Depot has reported sales of $22.2 billion for the fourth quarter of fiscal 2016, a 5.8% increase from the fourth quarter of fiscal 2015.