Increased Oil Prices Could Lead to Raw Material Inflation
Charlotte, NC, September 22, 2023—"A recent spike in crude oil is raising diesel prices and, if sustained, could lead to raw material inflation,” reports Truist.
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.
Pandemic Job boom Has Ended
New York, NY, September 22, 2023—"The pandemic-driven hiring frenzy is ending,” reports the Wall Street Journal.
Retail Furniture Sales Expected to Bounce Back in Q2 2024
High Point, NC, September 22, 2023—"The aftermath of the pandemic has ushered in a remarkable resurgence in brick-and-mortar retail, breathing new life into physical stores and reigniting in-person shopping,” reports Furniture Today.
Don Karlin Sr. Has Died
Riverside, CA, September 22, 2023—Donald Karlin Sr., 90, died September 16.
Marquis Industries Acquires Harris Flooring Group
Las Vegas, September 21, 2023-Live Ventures Incorporated, a diversified holding company, announced that its subsidiary Marquis Industries has acquired the Harris Flooring Group brands from Q.E.P. Co., a designer, manufacturer, and distributor of a broad range of flooring and installation solutions for commercial and home improvement projects.
CFI Annual Meeting Underway Now in Orlando
Orlando, FL, September 21, 2023—The Certified Flooring Installers’ (CFI) annual meeting began September 20 in Orlando, Florida at the Rose Shingle Creek, ending September 22.
Existing-Home Sales Inched Down 0.7% in August
Washington, DC, September 21, 2023—Total existing-home slid 0.7% from July to a seasonally adjusted annual rate of 4.04 million in August, according to the National Association of Realtors. Year-over-year, sales fell 15.3% (down from 4.77 million in August 2022).
Home Depot Names 2023 Innovation Award Winners & Partners
Atlanta, GA, September 21, 2023-The Home Depot recognized innovations in home improvement that make tackling projects easier and more efficient for the Pro and DIYer at its annual 2023 Innovation Awards.
Sherwin-Williams' 2024 Color of the Year is Upward
Cleveland, OH, September 21, 2023—Sherwin-Williams has named Upward (SW 6239) its 2024 Color of the Year.
Initial Jobless Claims Declined by 20,000 in Week Ending Sept. 16
Washington, DC, September 21, 2023-In the week ending September 16, the advance figure for seasonally adjusted initial claims was 201,000, a decrease of 20,000 from the previous week's revised level, according to the Department of Labor.