Small Business Optimism Decline 1.4 Points to 95.7 in February
Washington, D.C., March 8, 2022—In February, the NFIB Optimism Index decreased by 1.4 points to 95.7, the second consecutive month below the 48-year average of 98.
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.
Laurel Hurd Named CEO of Interface, Succeeding Daniel Hendrix
Atlanta, GA, March 7, 2022-Interface has appointed Laurel M. Hurd as president and chief executive officer, effective April 18.
Fuse Meeting Underway Now in Dallas
Chattanooga, TN, March 7, 2022-Fuse’s meeting started Sunday and runs through today. The event has a record crowd of over 400 attendees, including vendors.
Russian War Will Lead to Price Increases for American Consumers
New York, NY, March 7, 2022—Russia’s invasion of Ukraine has set the stage for faster-rising consumer prices, with the mayhem of war driving up manufacturing costs for food, consumer goods and machinery in places far from the battlefield, reports the Wall Street Journal.
Attorney Fees in Lumber Liquidator Settlement Revisited by Court
New York, NY, March 4, 2022—A fee award of about $10 million for consumer attorneys in two class actions over Lumber Liquidators’ allegedly subpar laminate flooring got Fourth Circuit approval [March 3], two years after the court sent the request back because of the deal’s “coupon” component, reports Bloomberg Law.
Unemployment Rate Declined to 3.8% in February
Washington, DC, March 4, 2022- Total nonfarm payroll employment rose by 678,000 in February, and the unemployment rate edged down to 3.8%, the U.S. Bureau of Labor Statistics reported. Job growth was widespread, led by gains in leisure and hospitality, professional and business services, healthcare, and construction.
Engineered Floors Announces Commercial Price Increase
Dalton, GA, March 4, 2022—Engineered Floors’ commercial divisions—J+J Flooring Group and EF Contract—announced a price increase of between 5% and 8% on all brands and product categories.
AIA Announces Recipients of Grants Advancing Sustainability in Architecture
Washington, DC, March 4, 2022—The American Institute of Architects (AIA) Upjohn Research Initiative is providing up to $30,000 to five research projects that will advance sustainability in architecture.
Interface Reported Net Sales Growth of 22.6% for Q4 2021
Atlanta, GA, March 3, 2022--Interface reported Q4 2021 net sales of $339.6 million, a 22.6% increase versus $276.9 million in the prior year period with growth across all product categories.
Abbey/Floors to Go 2022 Convention Underway Now in Charlotte
Charlotte, NC, March 2, 2022—The Abbey Carpet & Floor and Floors To Go 2022 convention is underway now at the Charlotte Convention Center in Charlotte, North Carolina, running from March 1 to 5.