Armstrong Seeks to End All Post-Employment Benefits
Lancaster, PA, May 24, 2022-Armstrong Flooring, which filed for bankruptcy on May 9, hopes to unload debt by eliminating post-employment benefits, reports Lancaster Online.
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.
National Retail Federation Encourages Biden to Remove Chinese Tariffs
Washington, DC, May 23, 2022-The National Retail Federation penned a letter to President Biden this week urging for a reduction or elimination of Chinese tariffs, reports Furniture Today.
Torlys Once Again Named a Great Place to Work
Toronto, ON, May 23, 2022—Torlys has once again been certified as a Great Place to Work after a thorough, independent analysis conducted by Great Place to Work Institute Canada.
Key Dates in Armstrong Bankruptcy Proceeding Announced
Lancaster, PA, May 20, 2022- The sale process for Armstrong Flooring will be set in a crucial bankruptcy hearing coming next week as the flooring manufacturer tries to address $317.8 million in total debt, including $160.5 million in long-term secured debt, reports Lancaster Online.
GDP Growth to Slow, Recession Not Expected, Says Conference Board
Washington, DC, May 20, 2022-After expanding by 5.9% in 2021, The Conference Board expects global economic growth to slow to 2.9% this year, representing a downgrade of 1.0 percentage point from the February global economic outlook.
Confidence In Multifamily Market Declined in Q1
Washington, DC, May 20, 2022—Confidence in the market for new multifamily housing turned downward in Q1 2022, according to results from the Multifamily Market Survey (MMS) by the National Association of Home Builders (NAHB).
Great Northern Expands Reach in Northeast
Buffalo, NY, May 20, 2022-Great Northern Associates, a wholesale distributor of floorcoverings and installation supplies, has expanded its distribution reach and will now be able to supply its products and services to clients within the Western/Central New York, New England as well as New York/New Jersey-Metro markets.
Beaulieu International Group Releases First Sustainability Report
Waregem, Belgium, May 20, 2022—Beaulieu International Group (BIG) has released its inaugural sustainability report, entitled 'Here.We.Go'.
Existing-Home Sales Declined 2.4% in April, Prices Hit Record High
Washington, DC, May 19, 2022-Total existing-home sales slid 2.4% from March to a seasonally adjusted annual rate of 5.61 million in April, according to the National Association of Realtors. Year-over-year, sales dropped 5.9% (5.96 million in April 2021).
Tarkett Announces Grand Opening of New Chicago Showroom
Solon, OH, May 19, 2022-Tarkett is announcing the grand opening of its Chicago showroom, located at 215 N. Peoria Street, Floor 10 in Chicago’s Fulton Market District.