December Producer Prices Rose 0.3%
Washington, DC, January 13, 2017—The Producer Price Index for final demand increased 0.3% in December, seasonally adjusted, the U.S. Bureau of Labor Statistics has reported.
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.
Retail Sales Rose 0.6% in December
Washington, DC, January 13, 2017—Advance estimates of U.S. retail and food services sales for December 2016 were $469.1 billion, an increase of 0.6% from the previous month, and 4.1% above December 2015, according to the Census Bureau.
Invista's Pami Bhullar Releases Resolutions for Floorcovering Pros
Dalton, GA, January 13, 2017—Per tradition, Pami Bhullar, director of retail development for Invista, has released his 2017 Resolutions for the Floor Covering Professionals.
Atlanta International Area Rug Market Underway Now
Atlanta, GA, January 12, 2017—The Atlanta International Area Rug Market is currently underway at AmericasMart Atlanta.
Floor & Decor Holdings Revives Plans to Go Public
Smyrna, GA, January 12, 2017—Floor & Decor Holdings is preparing for an initial public offering (IPO) that could value the company at more than $1 billion, including debt, after it shelved such plans last year, reports Yahoo Finance.
Innovations4Flooring & Classen Group Form Strategic Partnership
Willemstad, Curacao, January 12, 2017—Innovations4Flooring (I4F) has announced that it has signed a strategic partnership agreement with the Classen Group.
Philippe Hamers Named CEO, Director of Board at Victoria Carpets
Worcestershire, UK, January 12, 2017—Victoria Carpets has named Philippe Hamers as chief executive and a director of the board, effective March 20, according to Digital Look.
WFCA Task Force to Hold Open Meeting on Installer Crisis at TISE
Dalton, GA, January 12, 2017––The All Industry Installation Summit's Task Force will hold their next meeting on location at TISE in Las Vegas.
Haines Names Michael Barrett President & CEO as Zwicker Retires
Glen Burnie, MD, January 11, 2017—Haines has announced the promotion of Michael Barrett from chief logistics officer to president and chief executive officer as part of a planned transition following Bruce Zwicker’s decision to retire.
Beaulieu to Close Fiber Plant in Shift Toward Hard Surface Flooring
Dalton, GA, January 11, 2017—Beaulieu America has begun implementation of its long-term strategic plans to align the business to the market and manufacturing resources and yesterday announced a partial closing of its Bridgeport Fibers Plant in Bridgeport, Alabama.