Star Lumber Acquires Apex Lumber Company
Oklahoma City, OK, November 11, 2024-Star Lumber has acquired Apex Lumber Company, reports LBM Journal.
Today's Flooring News
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Tile Shop Sales Down 8.3% in Q3, Income Down 97.7%
Minneapolis, MN, November 11, 2024—The Tile Shop reported Q3 sales of $8.5 million, an 8.3% decline compared to $9.2 million in the same period last year. Comparable sales declined 7.9% in Q3.
Geff Lynch Named CEO of Merit Distribution Group
Spartanburg, SC, November 11, 2024—The Merit Distribution Group announced the promotion of its current president, Geff Lynch, to CEO, reports Hardware Retailer.
Dodge Momentum Index Registered 5.3% Decrease in October
Bedford, MA, November 11, 2024-The Dodge Momentum Index (DMI), issued by Dodge Construction Network, decreased 5.3% in October to 197.2 (2000=100) from the revised September reading of 208.2.
Mohawk Forms Partnership with Cyncly
Calhoun, GA, November 11, 2024—Mohawk is boosting its digital marketing offerings by teaming up with Cyncly as an additional provider for Edge Omnify Websites.
Fed Cuts Interests Rates by Another Quarter Point
New York, NY, November 8, 2024—"The Federal Reserve cut interest rates by a quarter percentage point, avoiding any surprises just days after Donald Trump was elected president” reports Yahoo Finance.
Consumer Sentiment Rose 3.5% in Early November
Ann Arbor, MI, November 8, 2024—Consumer sentiment rose 3.5% to 73.0 in early November, according to preliminary results from the University of Michigan Survey of Consumers.
BDNY Begins Sunday in New York City
New York, NY, November 8, 2024—The Boutique Design New York (BDNY) hospitality expo begins November 10, running through the 11 in New York City.
Homebuyers Aren't Yet Feeling Benefit of Rate Cuts
New York, NY, November 8, 2024-"Borrowers aren’t yet feeling the effect of the Federal Reserve’s interest-rate cuts,” reports the Wall Street Journal.
Tarkett Acknowledge with Six MarCom Awards
Solon, OH, November 8, 2024-Global flooring manufacturer Tarkett was recognized for its excellence in marketing in the annual MarCom Awards, earning three Platinum and three Gold awards in the international competition.