Beaulieu International Group Announces Price Increase
Waregem, Belgium, February 24, 2022—Beaulieu International Group (B.I.G.) announces further price increases for its flooring product brands to take effect in Q2 2022, or as contract terms allow.
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.
Lowe's Grew Sales 5% in Q4, Earnings Rose 23%
Mooresville, NC, February 23, 2022-Lowe's reported Q4 2021 sales were $21.3 billion, a 5% increase compared to $20.3 billion in Q4 2020.
Architecture Billings Held Steady at 51 in January
Washington, DC, February 23, 2022-The Architecture Billings Index (ABI) score for January was 51.0 compared to 51.0 in December, according to a new report from The American Institute of Architects (AIA).
LL Flooring Sales & Income Declined in Q4
Richmond, VA, February 23, 2022-LL Flooring reported net sales of $285.3 million for Q4 2021, a decrease of 6.2% compared to the prior year period’s $304.2 million.
Oil Prices Near $100/Barrel as Tensions Rise Around Russia-Ukraine
Houston, TX, February 23, 2022-Oil prices rose on Monday over the stand-off between Russia and the West over Ukraine, adding to supply concerns that have kept oil prices near $100 a barrel, reports Reuters.
Kährs Names Best Distribution Partners of 2021
Altamonte Springs, FL, February 23, 2022-On February 10, Kährs recognized top performing partners from 2021 across three categories: retailer, distributor, and individual salesperson.
Mortgage Applications Declined 13.1% in Week Ending February 18
Washington, DC, February 23, 2022-Mortgage applications decreased 13.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 18, 2022.
American Sentiment Low Despite Economic Boom
New York, NY, February 23, 2022-Americans normally are happiest when the economy is growing rapidly, reports the Wall Street Journal.
U.S. Xpress Launching Logistics Training Program
Chattanooga, TN, February 23, 2022-The trucking giant U.S. Xpress Enterprises Inc. plans to convert some of its headquarters facility vacated by shifting more workers to remote jobs to a new Future Ready Institute to train more students in information technology and other job skills needed to serve the growing logistics industry in Chattanooga, reports the Chattanooga Times Free Press.
Home Depot Sales Rose 10.7% in Q4 and 14.4% for Fiscal Year 2021
Atlanta, GA, February 22, 2022—The Home Depot announced sales for Q4 2021 were $35.7 billion, an increase of $3.5 billion, or 10.7% from Q4 2020.