Nonn Flooring Acquires Malkin's Flooring
Middleton, WI, April 30, 2018—Middleton-based retailer Nonn’s Flooring has acquired Malkin’s Flooring of Menomonee Falls.
Today's Flooring News
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Crossville Announces Educational Offerings at Coverings
Crossville, TN, April 30, 2018—Domestic tile manufacturer Crossville will be offering education opportunities at Coverings, including informative sessions live at Booth #7654 as well as sessions offered as part of the show’s education schedule.
Starnet Names 2018 to 2019 Board of Directors
Darien, CT, April 30, 2018—During the Starnet 2018 Annual Meeting held in Orlando, Florida from April 19 to 22, it was announced that the members of Starnet Commercial Flooring re-elected three incumbents to the Starnet board of directors and that the board of directors elected the board officers for the 2018 to 2019 term.
Pending Home Sales Rose 0.4% in March
Washington, DC, April 30, 2018—The Pending Home Sales Index inched up 0.4% to 107.6 in March from a downwardly revised 107.2 in February, according to the National Association of Realtors.
Personal Income & Spending Both Rose in March
Washington, DC, April 30, 2018—Personal income increased $47.8 billion (0.3%) in March according to estimates released by the Bureau of Economic Analysis.
Fuse & CFI Join Forces to Promote Training for Comm. Installers
Forney, TX, April 30, 2018—In an effort to address the ongoing shortage of qualified commercial floorcovering installers, Fuse Alliance and the International Certified Flooring Installers Association have joined forces.
D.R. Horton Grew Revenue 16% YOY in Q2
Arlington, TX, April 27, 2018—D.R. Horton’s income rose 53.1% YOY in Q2, and revenue from homebuilding rose 16% YOY in the same period.
Metroflor's Chinese Manufacturing Partner Earns JUST Label
Norwalk, CT, April 27, 2018—Metroflor announced that the Elegant Home-Tech Company Limited (formally known as Elegant Plastics) facility in Zhangjiagang, China, which manufactures its Aspecta commercial LVT product, received the first-ever JUST label for a Chinese company and the first JUST label for a LVT flooring manufacturer.
Mohawk Increased Sales & Revenues in Q1
Calhoun, GA, April 27, 2018—Mohawk’s Q1 net sales rose 8.6% YOY to $2.4 billion. Revenue increase for the quarter was 4.1% (on constant currency).
Consumer Sentiment Declined 2.6% in April
Ann Arbor, MI, April 27, 2018—Consumer sentiment fell 2.6% to 98.8 in April from March’s 101.4 rate, according to final results from the University of Michigan Survey of Consumers.