Articles
Mohawk Industries sees strong third quarter recovery
Overall, the results unveiled by the Calhoun, Georgia-based multinational reveal a smaller than expected contraction during the first nine months of the year. For the 2020 nine-month period, net sales were $6.9 billion, a decrease of 8% from the $7.5 billion of the same period in 2019 (or -7% on a constant currency and days basis). Net earnings totaled $267 million compared to the $480 million to September 2019. Read More
Top 25 Floor Covering Distributors of 2020
At press time, 2020 estimated sales were based on the industry average of a 0.04 percent decrease. Note, however, that 2020 sales projections vary significantly depending on a distributor’s business model, region served, retail accounts and lines carried as well as the mix of domestic versus imported goods. Read More
Ceramic World Review updates the rankings of the world’s top 25 ceramic tile groups
Ceramic World Review has updated the figures for the world’s top 25 ceramic tile groups (as for production volumes) in 2019. Respect to the previous year, the positions of the three largest tile producers remain unchanged. Read More
Catalina updates 2020 June quarterly report
Catalina Research has updated its floor coverings sales estimates for 2020 after more data became available to show the coronavirus effect on domestic demand. New estimates indicate U.S. manufacture dollar sales (shipments minus exports plus imports) could have declined by 10 percent in the second quarter of 2020, and sales could have dropped by 5.2 percent in the third quarter. Read More
NAFCD Distributors Report Q2 Sales Decline
"Our distributor members have weathered the worst of the storm and are now seeing their businesses continue to grow each month," commented Kevin Gammonley, NAFCD executive vice president. "The negative impact of the shutdown has not been as severe as initially feared." Read More