U.S. Economy Highly Dependent on the Rich
New York, NY, February 25, 2025-"Many Americans are pinching pennies, exhausted by high prices and stubborn inflation. The well-off are spending with abandon,” reports the Wall Street Journal.
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.
FCEF Announces 2025 Board of Directors
Dalton, GA, February 25, 2025—The Floor Covering Education Foundation (FCEF) has announced its 2025 board of directors.
Daltile, Marazzi and American Olean Release 2025 Trend Reports
Dallas, TX, February 25, 2025-Daltile, Marazzi and American Olean have released their annual Trend Reports 2025.
Domotex Adds Six Interior Finish Categories for '26 Expo in Germany
Hannover, Germany, February 24, 2025-Domotex is launching with an expanded concept, establishing itself as the "home of flooring and interior finishing."
Affiliate of Lone Star Fund to Acquire RadiciGroup
Dallas, TX, February 24, 2025-Lone Star Funds announced that an affiliate of Lone Star Fund XII, L.P. has entered into a definitive agreement to acquire the Specialty Chemicals and High Performance Polymers Business Areas of RadiciGroup, a global player in the chemical sector
93% of Homeowners Plan Improvements in 2025
Denver, CO, February 24, 2025—Angi’s 2024 State of Home Spending Report reveals that 93% of homeowners plan to take on home projects in 2025, even as total spending on home projects dropped by 12% in 2024.
Floor & Decor Comp Sales Down 0.8% in Q4, Earnings up 28.1%
Atlanta, GA, February 21, 2025-Floor & Decor net sales of $1.11 billion in Q4 2024, a 5.7% increase from Q4 2023’s $1.05 billion.
January Existing-Homes Sales Down 4.9% from Dec., Up 2% YOY
Washington, DC, February 21, 2025—Total existing-home sales descended 4.9% from December to a seasonally adjusted annual rate of 4.08 million in January according to the National Association of Realtors. Year-over-year, sales improved 2.0% (up from 4 million in January 2024).
Consumer Sentiment Declined 9.8% in February
Ann Arbor, MI, February 21, 2025—Consumer sentiment declined 9.8% in February to 64.7, according to final results from the University of Michigan Survey of Consumers.
Kährs Q4 Sales Down 11%, 4% Decline in North America Sales
Malmo, Sweden, February 21, 2025—Kährs reported Q4 sales of amounted to $51.24 million, which was a decrease of -11% from the prior year’s $57.54 million.