Jan. Consumer Sentiment Down 4.8% to 67.2, Lowest Since Nov. 2011
Ann Arbor, MI, January 28, 2022-Consumer sentiment declined 4.8% to 67.2 in January, according to the University of Michigan Survey of Consumers.
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.
Edward Decker Named CEO of Home Depot, Succeeding Menear
Atlanta, GA, January 28, 2022—Home Depot has named 22-year company veteran Edward Ted Decker as its new chief executive officer and president, replacing Craig Menear, who will continue as chairman, reports Reuters.
Millburn Flooring Acquires Blendex
Copiague, NY, January 28, 2022—Milburn Flooring recently acquired Blendex Industrial Corp., adding an epoxy division called Blendex by Milburn Flooring.
Mobile Marketing & QFloors Form Partnership
South Jordan, Utah, January 28, 2022—A new, integrated partnership between Mobile Marketing and QFloors means retailers have a more seamless connection between their website, digital marketing and business software.
Unilin Forms Partnership with Pelican for Comfort Core Technology
Waregem, Belgium, January 28, 2022—Unilin Technologies and Pelican Creations Home have entered into a joint licensing agreement to bring a new patent pending Comfort Core Technology to the market.
Personal Income Rose 0.3% in December, Spending Decreased 0.6%
Washington, DC, January 28, 2022—Personal income increased $70.7 billion (0.3%) in December, according to estimates released by the Bureau of Economic Analysis.
Kitchen Design Altered by Pandemic, Reports Realtor.com
Washington, DC, January 13, 2021-Realtor.com reports on how kitchen design has been influenced by the pandemic, including flooring.
Fed Announces Plans to Raise Interest Rates Mid-March
New York, NY, January 27, 2022-The Federal Reserve signaled it would begin steadily raising interest rates in mid-March, its latest step toward removing stimulus to bring down inflation, reports the Wall Street Journal.
GDP Rose 6.9% in Q4
Washington, DC, January 27, 2022—Real gross domestic product (GDP) increased at an annual rate of 6.9% in Q4 2021, according to the advance estimate released by the Bureau of Economic Analysis.
CFL Granted U.S. Patents on Acoustic Multilayer Flooring
Calhoun, GA, January 27, 2022-CFL Flooring (Creative Flooring Solutions) announced that the United States Patent and Trademark Office has granted patents related to its acoustic multilayer flooring products, further strengthening the company’s intellectual property portfolio.