Nox Names Sajal Patel Chief Marketing Officer
Seoul, South Korea, April 8, 2025—Nox Corporation, a global provider of luxury vinyl tile (LVT), has announced the appointment of Sajal Patel as chief marketing officer (CMO).
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.
Powell Anticipates Higher Prices & Weaker Growth Due to Tariffs
Arlington, VA, April 7, 2025”-Federal Reserve Chair Jerome Powell said the U. S. economy was likely to face a period of higher prices and weaker growth than seemed possible a few weeks ago because of larger-than-anticipated tariff hikes announced by President Trump,” reports the Wall Street Journal.
Retail Sales Expected to Grow 2.7% to 3.7% in 2025, Says NRF
Washington, DC, April 7, 2025—The National Retail Federation today forecast that retail sales during 2025 will grow between 2.7% and 3.7% over 2024 to between $5.42 trillion and $5.48 trillion.
Performance Additives Joins RFCI
La Grange, GA, April 7, 2025—Resilient Floor Covering Institute (RFCI), the trade association for the resilient flooring industry, announces the addition of Performance Additives as a member.
Truist Analyzes Tariff Impacts on Flooring Sector, 55% of Which is Imported
Washington, DC, April 4, 2025-"Tariff impacts remain a fluid situation, making a definitive judgment on the impact hard,” reports Truist.
DOC to Investigate Impact of Wood Imports on National Security
Sterling, VA, April 4, 2025-"President Trump directed the U.S. Department of Commerce to investigate how imports of wood products affect national security,” according to the Decorative Hardwoods Association.
Virginia Tile Sells Woodworking Products Distribution Arm to Wilsonart
Livonia, MI, April 4, 2025-Virginia Tile, a division of Transom Capital Group-backed Artivo Surfaces, has announced the sale of its woodworking products distribution business to Wilsonart Engineered Surfaces.
Employment Rose by 228,000 in March, Unemployment Flat
Washington, DC, April 4, 2025—Total nonfarm payroll employment rose by 228,000 in March, and the unemployment rate changed little at 4.2%, the U.S. Bureau of Labor Statistics reported today.
I4F Forms Partnership with PurChem Systems
Turnhout, Belgium, April 4, 2025—I4F, a group of companies providing patents and technologies to the flooring industry, has entered into a technology partnership agreement with PurChem Systems for its patented technologies, including SilentTouch and OneLayer.
Trump's Tariff List Unveiled
Washington, DC, April 3, 2025-“U.S. President Donald Trump announced a sweeping new set of tariffs on Wednesday, arguing that they would allow the United States to economically flourish,” reports BBC.