Lowe's Sales Up 24% in Q1, Earnings Up 77%
Mooresville, NC, May 19, 2021—Lowe's reported net sales for Q1 2021 of $24.4 billion, a 24% increase compared to sales of $19.7 billion in Q1 2020.
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.
Interface Announces Quarterly Dividend
Atlanta, GA, May 19, 2021—Interface’s board of directors has declared a regular quarterly cash dividend of $0.01 per share, payable June 18, 2021 to shareholders of record as of June 4, 2021.
Coverings Announces Education Lineup for 2021 Event
Arlington, VA, May 19, 2021—Coverings has announced a lineup of sessions, some offering Continuing Education Units (CEUs), for Coverings 2021.
Välinge Flooring Launching in France
Viken, Sweden, May 19, 2021-After launches in the U.S. and Asia, Välinge Flooring will now launch in France-taking its wood floors into the European market for the first time.
Dixie Group Q1 Sales Up 7.1%
Dalton, GA, May 18, 2021-The Dixie Group reported net sales of $86.3 million for Q1 2021, an increase of 7.1% compared to $80.6 million in Q1 2020.
Home Depot Sales Rose 32.7%, Earnings Rose 84.6% in Q1
Atlanta, GA, May 18, 2021—The Home Depot reported sales of $37.5 billion for Q1 2021, an increase of 32.7% from Q1 2020’s $28.3 billion.
Milliken Announces Price Increase on Soft Surface & Resilient
Spartanburg, SC, May 18, 2021—Milliken will initiate a 4% to 8% price increase for its commercial soft surface flooring and an increase of 10% to 12% for resilient flooring to take effect June 15.
April Housing Starts Slid 9.5% from March but Rose 67.3% YOY
Washington, DC, May 18, 2021—Privately-owned housing starts in April were at a seasonally adjusted annual rate of 1,569,000, 9.5% below the revised March estimate of 1,733,000 but 67.3% above the April 2020 rate of 938,000, according to the U.S. Census Bureau.
Mannington & BPI End Distribution Relationship
Memphis, TN, May 18, 2021—BPI and Mannington will part ways.
LG Hausys Floors Forms Partnership with NRF Distributors
Atlanta, GA, May 18, 2021-LG Hausys Floors announced a new partnership with NRF Distributors, a family-owned floorcovering products distributor based in Augusta, Maine.