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.
Lancaster, PA, August 1, 2022-In a settlement filed July 29, Armstrong Flooring Inc. (AFI) agreed to pay $1 million to Armstrong World Industries (AWI) for the right to use to the Armstrong brand name.
Calhoun, GA, July 29, 2022-Mohawk Industries announced Q2 2022 net sales of $3.2 billion, an increase of 7% over Q2 2021’s $3.0 billion. For Q2 2022, net earnings were $280 million, a 17% decline compared to Q2 2021’s $336 million.
Ann Arbor, MI, July 29, 2022—Consumer sentiment rose 3% to 51.5 in July, according to final results from the University of Michigan’s Survey of Consumers.
Washington, DC, July 29, 2022-Mortgage rates fell after rising for two straight weeks, another indication that recession concerns are impacting the U.S. housing market, reports the Wall Street Journal.
Washington, DC, July 29, 2022-Personal income increased $133.5 billion (0.6%) in June, according to estimates released by the Bureau of Economic Analysis.
Los Angeles, CA, July 29, 2022-Bentley Mills has appointed Holly Holton as global director of sustainability.
Santa Fe Springs, CA, July 29, 2022 – Galleher announced a distribution partnership with New Zealand-based Portamix, manufacturer of the Hippo and Pelican lines of mixing equipment for self-leveling floor coating.
Waregem, Belgium, July 29, 2022—Comfort Core Technology, which creates a soft, comfort-first feel, was developed by Pelican Creations Home and Unilin Technologies in the beginning of the year.
Washington, DC, July 29, 2022—"American Hardwood Export Council commented on draft EU deforestation regulations that would require geolocation data for the specific ‘plot(s) of land’ where all regulated materials—including wood—were sourced,” reports the Decorative Hardwoods Association.
Washington, DC, July 28, 2022-The Federal Reserve continued a sprint to reverse its easy-money policies by approving another unusually large interest rate increase and signaling more rises were likely coming to combat inflation that is running at a 40-year high, according to the Wall Street Journal.