Consumer Sentiment Posted Slight Decline of 1.2% in April
Ann Arbor, MI, April 26, 2019—Consumer sentiment fell 1.2% to 97.2 in April, from March’s 98.4 rate, according to the University of Michigan Survey of Consumers.
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.
Q1 Homeownership Rates Drop to Two-Year Low
Washington, DC, April 26, 2019—The homeownership rate fell for the first time in more than two years in Q1, reports The Wall Street Journal in an article by Laura Kusisto.
Mohawk Sales Up 1.2% YOY in Q1, Earnings Fell
Calhoun, GA, April 26, 2019-Mohawk reported Q1 2019 net sales of $2.442 billion, compared to $2.412 billion in Q1 2018, an increase of 1.2%.
Spending Outpaced Income Growth in March
Washington, DC, April 29, 2019-Personal consumption expenditures (PCE) increased $123.5 billion (0.9%), according to estimates released by the Bureau of Economic Analysis.
Halstead Wins Sustainability Excellence Award for Supply Chain
Calhoun, GA, April 26, 2019—Halstead International received the Sustainability Excellence Award from APICS Atlanta Chapter, Metro Atlanta Chamber, and the Council of Supply Chain Management Professionals.
NTCA Announces Winners of Scholarships and Awards
Arlington, VA, April 26, 2019-The National Tile Contractors Association (NTCA) announced the 2019 recipients of the NTCA Tom Ade Ceramic Tile Scholarship as well as the winners of its project of the year, person of the year and Joe A. Tarver Award.
Heritage Oak Earns NWFA/NOFMA Mill Certification
St. Louis, MO, April 26, 2019-Heritage Oak in Sarcoxie, Missouri is the latest company to earn NWFA/NOFMA Mill Certification from the National Wood Flooring Association.
Interface Increased Net Sales 24% in Q1 with Nora
Atlanta, GA, April 25, 2019- Interface reported Q1 net sales rose 24% YOY to $298 million.
Tarkett Reports Double-Digit Revenue Growth in Q1
Paris, FR, April 25, 2019-Tarkett reports organic growth of 3.7% YOY in Q1 2019, driven by EMEA (+5.8%) and Sports (+19.4%).
Shaw Closing Carpet Yarn Processing Plant
Dalton, GA, April 25, 2019-Shaw Industries plans to shift production from its twisting and heatsetting yarn facility in Chatsworth, Georiga to facilities with a broader range of capabilities that perform similar operations.