The Tile Shop Sales Rose 11.3% in Q1, Income Declined 34%
Minneapolis, MN, May 9, 2022-The Tile Shop announced net sales of $102.5 million for Q1 2022, an 11.3% increase compared to sales of $92.1 million in Q1 2021.
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.
Woodworkers Union Calls for Complete Ban on Russian Wood
Washington, DC, May 10, 2022-The International Association of Machinists & Aerospace Workers (IAM)--which bills itself as one of the largest unions representing woodworkers in the U.S.--has called on President Joe Biden to halt imports of all Russian and Belarusian soft- and hardwoods.
Armstrong Files Chapter 11, Will Fund Operations with $30M DIP Loan
Lancaster, PA, May 9, 2022-Armstrong Flooring announced that the company and certain of its subsidiaries have filed for voluntary protection under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware.
Tarkett Names New Commercial Business Leaders
Solon, OH, May 9, 2022-Tarkett North America has hired Rusty Joyce as commercial president and Paul Young as senior vice president, product, innovation and design for its commercial business.
Impact Property Solutions Acquires Cutting Edge Carpet
Austin, TX, May 9, 2022—Impact Property Solutions, a Dallas, Texas-based portfolio company of Blue Sage Capital, headquartered in Austin, Texas, has acquired Cutting Edge Carpet, a Florida-based provider of flooring products and installation services to multifamily properties and developers.
Sun Country Floors Changes Ownership
Lewis Center, OH, May 9, 2022-Starnet member Sun Country Floors, located in Mesa, Arizona, is under new ownership.
QFloors Wraps Up Users Conference in Mexico
Playa del Carmen, Mexico, May 9, 2022—QFloors held its biennial users conference in Quintana Roo, Mexico from May 2 to 6.
Ceramic Imports Declined 4.9% YOY in Q1 2022
New York, NY, May 9, 2022-In the first three months of 2022, U.S. ceramic tile imports were down 4.9% to 47.1 million square meters year over year, compared to 49.5 million square meters in the first three months of 2021, reports Grosser Consulting.
New York State Legislature Sends Carpet EPR Bill to Governor
Albany, NY, May 9, 2022-New York has moved one step closer to becoming the second U.S. state, following California, to enact a carpet Extended Producer Responsibility (EPR) law that will significantly increase carpet recycling and reduce toxics in the manufacturing of new carpet.
Durkan Names Winner of Its DSCVR Student Design Competition
Dalton, GA, May 6, 2022—Durkan awarded Corina Amarioarei the grand prize in its 2022 DSCVR Student Design Competition May 6, live on their Instagram.