Ginger Gilbert Named Director of Product Design for J+J
Dalton, GA, February 24, 2017—J+J Flooring Group has announced that Ginger Gilbert has been promoted to director of product design.
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.
Ex-Employee Claims Floor & Decor Deceived Consumers about Chinese-Made Laminate, Reports CBS Denver
Highlands Ranch, CO, February 24, 2017—Floor & Decor has settled a $14 million class action lawsuit over claims it was acting unethically in the sale of Chinese-made laminate flooring, tampering with labeling relating to country of origin and compliance with formaldehyde limits, reports CBS Denver.
Classen Names Jürgen Resch to Managing Director of Sales Role
Kaisersesch, DE, February 24, 2017—Laminate flooring producer W. Classen GmbH & Co. KG (Classen) is pleased to announce the appointment of Mr. Jürgen Resch, managing director of sales.
Interface Posts Q4 & FY Results, Names Gould as CEO
Atlanta, GA, February 23, 2017—Interface announced net sales for the fourth quarter 2016 were $239.5 million, down 2.9% compared with sales of $246.6 million in the fourth quarter of 2015.
Toll Brothers Income and Revenues Slip Slightly YOY in Q1
Horsham, PA, February 23, 2017—Toll Brothers Q1 2017 net income was $70.4 million and earnings per diluted share were $0.42, compared to net income of $73.2 million and $0.40 per share diluted in FY 2016’s first quarter.
Architecture Billings Index Dipped Negative in January
Washington, DC, February 23, 2017—The Architecture Billings Index (ABI) dipped slightly into negative territory in January with a score of 49.5, after a very strong showing in December, down from a score of 55.6 in the previous month.
Existing Home Sales Rose 3.3% in Jan.
Washington, DC, February 22, 2017—Total existing-home sales expanded 3.3% to a seasonally adjusted annual rate of 5.69 million in January from an upwardly revised 5.51 million in December 2016, according to the National Association of Realtors.
Galleher Corp. Acquires Copper Plank Hardwood Flooring Mill
Santa Fe Springs, CA, February 22, 2017—Galleher Corp. has acquired the production assets of the Copper Plank Mill in Phoenix, Arizona.
Stifel Offers Insights on Lumber Liquidators' Q4 2016 Performance
St. Louis, MO, February 22, 2017—Analyst Stifel offers the following analysis of Lumber Liquidator’s (LL) fourth quarter 2016 earnings report, which was released yesterday.
CFI Partners with South Africa's FITA to Provide Installation Training
Dallas, TX, February 22, 2017—Certified Floorcovering Installers Association (CFI) has formed a partnership with South African based FiTA to bring ongoing floorcovering installation training classes and certification to professionals throughout the country and beyond.