Lumber Liquidators FY 2015 Sales Down 6.6%, Names New COO
Toano, VA, February 29, 2016—Lumber Liquidators' net sales decreased 6.6% to $978.8 million in FY 2015 from $1.05 billion in FY 2014.
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.
Pending Home Sales Fall 2.5% in January
Washington, DC, February 29, 2016—Following the highest average year for the index in nearly a decade, pending home sales declined to begin 2016 but remained slightly higher than a year ago, according to the National Association of Realtors.
Consumer Sentiment Nearly Recovers from Mid-Month Dive in February
Ann Arbor, MI, February 29, 2016—Consumer sentiment fell 0.3% in February to 91.7, according to the final results from the University of Michigan Survey of Consumers.
Multifamily Production Index Marks Decline in Q4 2015
Washington, DC, February 29, 2016-- The Multifamily Production Index, released by the National Association of Home Builders, showed a slight weakening as the index declined four points to 52 in the fourth quarter of 2015.
Myers Carpet Company Acquires Assets of Nashville Carpet Center
Nashville, TN, February 29, 2016—Myers Carpet Company—with retail locations in Nashville, Tennessee; Atlanta, Georgia; and Dalton, Georgia—has purchased the assets of Nashville Carpet Center and will be merging the two businesses.
Mohawk's Q4 Profit Up 30.5%
Calhoun, GA, February 26, 2016—Mohawk Industries had net sales of $8.1 billion for FY 2015, compared to $7.8 billion in FY 2014, an increase of approximately 3%.
Bethel Named J+J Director of Biz Development, Education & Healthcare
Dalton, GA, February 25, 2016—J+J Flooring Group has named Bob Bethel as director of business development for education and healthcare.
GDP Adjusted Upward for Q4 2015
Washington, DC, February 25, 2016—Real gross domestic product increased at an annual rate of 1.0% in the fourth quarter of 2015, according to the second estimate released by the Bureau of Economic Analysis.
MMFA Publishes Free Technical Bulletin on Installation
Bielefeld, DE, February 26, 2016—The MMFA, the Multilayer Modular Flooring Association, has published its first technical bulletin on the subject installation of multilayer modular floorcoverings.
Personal Income & Disposable Personal Income Both Rose 0.5% in January
Washington, DC, February 25, 2016—Personal income increased $79.6 billion, or 0.5%, and disposable personal income increased $63.5 billion, or 0.5%, in January, according to the Bureau of Economic Analysis.