Flooring Retailer Lester Scher Has Died
Hanahan, SC, November 22, 2022—Flooring retailer Lester Scher, 79, died November 5.
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.
B.I.G to Cease Belgian Tufted Carpet Operations
Waregem, Belgium, November 19, 2022—Beaulieu International Group’s (B.I.G.) Beaulieu Flooring Solutions Business Unit announced its intention to discontinue its Belgian tufted carpet operations.
3 Peloton Cofounders Launching Direct-to-Consumer Rug Business
New York, NY, November 19, 2022—John Foley, Hisao Kushi and Yony Feng—three co-founders of Peloton—are starting a direct-to-consumer venture custom rug business called Ernesta.
FCEF Meeting Provides Update on Efforts to Tackle Installer Shortage
Nashville, TN, September 21, 2022-The Floor Covering Education Foundation (FCEF) board met Thursday and Friday in Nashville.
Multifamily Confidence Declined in Q3
Washington, DC, November 21, 2022—The prospects for continued high levels of multifamily development declined significantly in the third quarter, as did the prospects for continued high occupancy rates, according to results from the Multifamily Market Survey (MMS) released by NAHB.
Inflation Cutting into Americans' Pandemic Savings
New York, NY, November 21, 2022—"It is the $1.7 trillion question for the U.S. economy: How long can the savings consumers built up during the pandemic keep their spending going?,” reports the Wall Street Journal.
Mirage Acquires Parquets Alexandra
St-Georges, Québec, November 18, 2022 – Mirage-the manufacturer behind the Mirage, Vintage, and Ten Oaks brands of hardwood flooring-has acquired Parquets Alexandra.
Existing Home Sales Declined 5.9% in October
Washington, DC, November 18, 2022—Total existing-home sales decreased 5.9% from September to a seasonally adjusted annual rate of 4.43 million in October, according to the National Association of Realtors.
2022 NAFCD + NBMDA Convention Welcomed 1,100 Attendees
Chicago, IL, November 18, 2022-The North American Association of Floor Covering Distributors (NAFCD) and North American Building Material Distribution Association (NBMDA) welcomed nearly 1,100 distributors and suppliers to its 2022 Annual Convention in Chicago, Illinois
NWFA Releases 2023 Training Schedule
St. Louis, MO, November 18, 2022—The National Wood Flooring Association released its 2023 Training Calendar.