IFC Pauses on Price Increase, Notes Goods in Transit Not Impacted
Dalton, GA, April 8, 2025-IFC sent the following message to its partners regarding the tariffs,
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 Group Estimates 20% to 25% Price Increases on Hard Surface
Calhoun, GA, April 8, 2025- Mohawk Group sent the following message to its partners regarding the tariffs,
Bona Releases 2024 Sustainability Report
Malmö, Sweden, April 8, 2025-Bona, a global, family-owned company that supplies products for installing, renovating, maintaining, and restoring premium floors, has published its 2024 sustainability report.
Nox Names Sajal Patel Chief Marketing Officer
Seoul, South Korea, April 8, 2025—Nox Corporation, a global provider of luxury vinyl tile (LVT), has announced the appointment of Sajal Patel as chief marketing officer (CMO).
Powell Anticipates Higher Prices & Weaker Growth Due to Tariffs
Arlington, VA, April 7, 2025”-Federal Reserve Chair Jerome Powell said the U. S. economy was likely to face a period of higher prices and weaker growth than seemed possible a few weeks ago because of larger-than-anticipated tariff hikes announced by President Trump,” reports the Wall Street Journal.
Retail Sales Expected to Grow 2.7% to 3.7% in 2025, Says NRF
Washington, DC, April 7, 2025—The National Retail Federation today forecast that retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion.
Performance Additives Joins RFCI
La Grange, GA, April 7, 2025—Resilient Floor Covering Institute (RFCI), the trade association for the resilient flooring industry, announces the addition of Performance Additives as a member.
Truist Analyzes Tariff Impacts on Flooring Sector, 55% of Which is Imported
Washington, DC, April 4, 2025-"Tariff impacts remain a fluid situation, making a definitive judgment on the impact hard,” reports Truist.
DOC to Investigate Impact of Wood Imports on National Security
Sterling, VA, April 4, 2025-"President Trump directed the U.S. Department of Commerce to investigate how imports of wood products affect national security,” according to the Decorative Hardwoods Association.
Virginia Tile Sells Woodworking Products Distribution Arm to Wilsonart
Livonia, MI, April 4, 2025-Virginia Tile, a division of Transom Capital Group-backed Artivo Surfaces, has announced the sale of its woodworking products distribution business to Wilsonart Engineered Surfaces.