Top Three Flooring News Stories in 2024

Chattanooga, TN, January 2, 2025-Happy 2025! Looking back over last year, these were three major flooring industry stories from 2024.

The effects of inflation hobbled the housing market and caused consumers to keep a tight grip on their cash in 2024 to the detriment of the flooring industry, which sees a lot of business spurred by the buying and selling of home.
Consolidation continued in the flooring industry-especially in the distribution channel-as private equity monies continued to stimulate roll-ups and mergers.
LL Flooring, formerly Lumber Liquidators, declared bankruptcy and, after extensive mediation, found itself back in the hands of founder Tom Sullivan, through his private equity firm, F9 Investments. Sullivan returned the company to its original name, branding and approach.