Articles
2023 Tile Trends on Display at Coverings
After weeks of counting down, we’re thrilled that Coverings — the most important event of the year for the tile and stone industry — is finally here! Next week, industry professionals ranging from manufacturers and distributors to architects and designers will gather in Orlando. As in previous years, attendees will watch presentations to learn about new industry standards and innovations. But our favorite part of the event is seeing all the new products on display. These past eight weeks, we’ve covered each of the trends we expect to see. With emphasis on timeless luxury, health and wellness, sustainability, and outdoor living, these trends highlight the impact tile can make not only on interior decor, but on mental, physical, and environmental health. Read More
Construction Employment Rose by 253,000 Jobs in April
The Bureau of Labor Statistics reported that hiring in the U.S. unexpectedly picked up last month, with employers adding 253,000 (seasonally adjusted) jobs, up from a revised 165,000 in March, reports the Dodge Data & Analytics. The nation’s unemployment rate edged down to 3.4% in April, from 3.5% a month earlier and 3.6% in February, representing the lowest jobless rate since January. Read More
Q1 2023 Ceramic Imports Declined 4.6% in Units YOY
In the first three months of 2023, total U.S. imports of ceramic tile were 44.8 million square meters, according to Grosser Consulting, a 4.6% decline compared to the same period in 2022. Read More
TILE OF SPAIN COMPANIES PRESENT A WIDE ARRAY OF NEW PRODUCTS AND TRENDS FOR COVERINGS 2023
More than 70 Spanish companies presented new products, innovations and trends during Coverings 2023, North America’s largest international tile and stone exhibition and conference, at the Orange County Convention Center in Orlando, FL from April 18-21, 2023. Read More
Floor & Décor Sales Rose 9.1% in Q1, Earnings Up 0.8%
Floor & Décor reported a net sales increase of 9.1% to $1,122.1 million in Q1 2023, compared to $1,028.7 million in Q1 2022. Read More
LL Flooring Sales Declined 13.7% in Q1
LL Flooring reported net sales of $240.7 million for Q1 2023, a 13.7% decline compared to Q1 2022’s $279 million, driven by lower spending by consumers versus last year combined with a decline in Pro sales. Read More
Caesarstone: Major Changes Ahead
Caesarstone Ltd. will close its original quartz-surfaces factory as part of a major revamp of the surfacing company. Company CEO Yos Shiran announced the action today after reporting a net revenue loss of $3.8 million in this year’s first quarter. “It is clear that Caesarstone has been lagging behind in its ability to generate profit and increase value for its shareholders,” Shiran said in a corporate statement. “We believe that swift actions, taken as part of a comprehensive restructuring plan, will allow us to leverage our strong brand and best-in-class products to address these issues.” Read More