Consumer Sentiment Declined 8.7% in Early November
Ann Arbor, MI, November 11, 2022—Consumer sentiment declined 8.7% to 54.7 in early November, according to preliminary results from the University of Michigan Survey of Consumers.
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.
Jay Flynn Named VP of Business Development for Cali
San Diego, CA, November 11, 2022-Jay Flynn, formerly of DCS Partnership Group and Broadlume, has been named vice president of business development for Cali.
Ex-Mexican Partner Guilty of Breach of Fiduciary Duty Against Kolay
Los Angeles, CA, November 11, 2022—In a legal business dispute waged in the United States and Mexico, a U.S. District Court judge on November 9 entered judgment on a jury’s verdict that the Mexican defendants, Luis Barroso De La Fuente and a rival company he created, conspired to breach fiduciary duties owed to their U.S. partner, City of Industry, California-based Kolay Flooring International and its owner, president and CEO Dan Mitchell.
Shaw Wins 2022 St. Jude Organizational Support Award
Dalton, GA, November 11, 2022—Shaw has been awarded the 2022 St. Jude Organizational Support Award, which recognizes a partner who has found innovative ways to support the lifesaving mission of St. Jude Children’s Research Hospital through employee participation and an array of fundraising programs.
October Inflation Shows Signs of Easing
Washington, DC, November 10, 2022-The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4% in October on a seasonally adjusted basis, the same increase as in September, the U.S. Bureau of Labor Statistics reported.
CRI Holds Annual Meeting, Shaw's Wyatt Rollins Wins Smrekar Award
Dalton, GA, November 10, 2022-The Carpet and Rug Institute (CRI) hosted its annual membership meeting on November 9 to announce new members to the board of directors and present the Joseph J. Smrekar Memorial Award for service to the carpet industry.
Initial Jobless Claims Rose by 7,000 in Week Ending November 5
Washington, DC, November 10, 2022—In the week ending November 5, the advance figure for seasonally adjusted initial claims was 225,000, an increase of 7,000 from the previous week's revised level, according to the U.S. Bureau of Labor Statistics.
Novalis Joins Vinyl Sustainability Council
Washington, DC, November 10, 2022— Novalis has joined The Vinyl Sustainability Council (VSC).
Total Solutions Plus 2022 Wrapped Up Yesterday in Palm Springs
Palm Springs, CA, November 9, 2022-This year's Total Solutions Plus (TSP) conference represents a return to pre-pandemic numbers for the gathering of ceramic suppliers, distributors and contractors.
Mortgage Applications Declined 0.1% in Week Ending Nov. 4
Washington, DC, November 9, 2022—Mortgage applications decreased 0.1% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending November 4, 2022.