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.
Mooresville, NC, May 22, 2019-Lowe’s reported sales for Q1 2019 increased 2.2% to $17.7 billion from $17.4 billion in Q1 2018, and comparable sales increased 3.5%. Comparable sales for the U.S. home improvement business increased 4.2%.
Horsham, PA, May 22, 2019—Toll Brothers announced net income of $129.3 million for Q2 2019, compared to net income of $111.8 million in Q2 2018, an increase of 15.7%.
Atlanta, GA, May 21, 2019-The Home Depot reported a 5.7% sales increase YOY for Q1 2019. Comp store sales in the U.S. were up 3%
Washington, DC, May 21, 2019—Total existing-home sales fell 0.4% from March to a seasonally adjusted annual rate of 5.19 million in April, according to the National Association of Realtors.
Willemstad, Curaçao, May 21, 2019-I4F announced that it has filed a patent infringement lawsuit against Mohawk for the manufacturing, using, importing, selling and/or offering for sale of Mohawk Molveno and Prizefighter vinyl plank flooring using Unilin’s Unipush locking system in the United States. I4F filed the case before the U.S. District Court for the District of Delaware.
Huntington Park, CA, May 21, 2019-Hardwood product manufacturer Saroyan Hardwoods announced that it has acquired key production assets of Azusa, California-based Heppner Hardwoods.
Kaisersesch , DE, May 21, 2019—The Classen Group and the consulting firm Scholz & Partner are collaborating to market dry-tiling technology for the adhesive-free and floating installation of ceramic tiles.
Glen Burnie, MD, May 21, 2019-Fred Reitz has been named executive vice president-operations for J.J. Haines, effective immediately.
Forney, TX, May 21, 2019—Certified Flooring Installers’ 26thannual convention and expo will be held August 21 to 23.
Charlotte, NC, May 21, 2019-Analyst Stump reported on its findings at the 2019 HD Expo, which took place May 15 to 17 in Las Vegas, Nevada.