Tarkett Forms Partnership with Material Bank
Solon, OH, August 10, 2020-Tarkett has formed a new partnership with Material Bank.
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.
Alliance Flooring Wraps Up Virtual Buying & Networking Event
Chattanooga, TN, August 10, 2020-Alliance Flooring’s first ever virtual buying and networking event is now complete.
Mohawk Reports Net Loss of $48 Million for Q2, Sales Down 21%
Calhoun, GA, August 7, 2020-Mohawk announced a Q2 2020 net loss of $48 million, compared to earnings of $202 million in Q2 2019. Net sales for Q2 2020 were $2.0 billion, a 21% decline YOY, compared to net sales of $2.6 billion in Q2 2019.
25% Tariff Reinstated on All China-Made LVT
Washington, DC, August 7, 2020--The United States Trade Representative has published a list of items granted further exemption from the Section 301 tariff, and floorcovering is not included on that list.
NAFCD/NBMDA Cancel Annual Convention, Moves to Virtual Event
Chicago, IL, August 7, 2020-The North American Association of Flooring Covering Distributors (NAFCD) and the North American Building Material Distribution Association (NBMDA) announced that their 2020 Annual Convention is transitioning to a fully-virtual event-the NAFCD x NBMDA Virtual Xperience.
Nonfarm Employment Rose to 1.8M in July
Washington, DC, August 7, 2020—Total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2%, the U.S. Bureau of Labor Statistics reported.
Mullican Announces Winners of All-American Patriot Essay Contest
Johnson City, TN, August 7, 2020—Mullican Flooring held an essay contest over the summer to honor members of the armed forces and their loved ones.
Co-Founders of Home Depot See Their Wealth Rise in Pandemic
Chattanooga, TN, August 7, 2020—Tennessee and Georgia has 20 billionaires who collectively saw their wealth increase by nearly $19 billion, or nearly 29%, during the first three months of the COVID-19 pandemic shutdowns in the United States, reports that Chattanooga Times Free Press.
Merchant Wholesaler Sales Rose 8.8% in June
Washington, DC, August 7, 2020—June 2020 sales of merchant wholesalers, up 8.8% from the revised May level, but were down 8.5% from the revised June 2019 level, according to the U.S. Census Bureau.
Dixie Q2 Sales Down 39%, Increased Losses
Dalton, GA, August 6, 2020-The Dixie Group reported a net sales decline of 39% YOY for Q2 2020.