Lowe's Names Sylvain Prud’homme President, International
Mooresville, NC, December 7, 2017—Lowe’s has announced that Sylvain Prud’homme has been appointed president, international, effective December 15.
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.
Mohawk & Berkshire Named to WSJ's Effectively Managed Co. List
New York, NY, December 6, 2017—Two flooring industry corporations have been named to The Wall Street Journal’s “The 250 Most Effectively Managed U.S. Companies—and How They Got That Way” list.
Private Sector Employment Rose by 190K in November
Roseland, NJ, December 6, 2017—Private sector employment increased by 190,000 jobs in November, according to the ADP National Employment Report.
Third Quarter Productivity Rose 3.0%
Washington, DC, December 6, 2017—Nonfarm business sector labor productivity increased 3.0% during the third quarter of 2017, the U.S. Bureau of Labor Statistics reported, as output increased 4.1% and hours worked increased 1.1%.
Home Depot Announces Share Repurchase Plan
Atlanta, GA, December 6, 2017—Home Depot has announced a $15 billion share repurchase plan and set a target to grow annual sales to between $114.7 billion and $119.8 billion by the year ending January 2021, reports CNBC.
Home Prices Rose 7% YOY in October, Says CoreLogic
Irvine, CA, December 5, 2017— Home prices nationally increased year over year by 7% from October 2016 to October 2017, and on a month-over-month basis home prices increased by 0.9% in October 2017 compared with September 2017, according to the CoreLogic Home Price Index (HPI).
Young Leaders Among Floorcovering Dealers Contest Now Open
Chattanooga, TN December 5, 2017—Floor Focus is now accepting entries Young Leaders Among Floorcovering Dealers contest.
Toll Brothers Reports Strong Results for Q4 & Fiscal Year 2017
Horsham, PA, December 5, 2017—Toll Brothers reported net income of $191.9 million for Q4 2017, compared to net income of $114.4 million for Q4 2016.
NWFA Extending Deadline for Wood Floor of the Year Contest
St. Louis, MO, December 5, 2017—The National Wood Flooring Association (NWFA) is announcing an extension to the application process for the 28th annual Wood Floor of the Year contest.
Purchasing Managers Index Records Slight Decrease in November
Tempe, AZ, December 5, 2017—The November Purchasing Managers Index registered 58.2%, a decrease of 0.5 percentage point from the October reading of 58.7%, according to the latest Manufacturing ISM Report On Business.