Articles

Floor & Décor announced net sales of $1 billion, flat with Q4 2022. Comparable store sales decreased 9.4%. Read More

Mohawk net sales for Q4 2023 were $2.6 billion, a decrease of 1.4% compared to net sales of $2.7 billion in the same period last year. Q4 2023 net earnings were $139 million, an increase of 421% compared to net earnings of $33 million in Q4 2022. Read More

Freight rates for containers from China to Europe are up thee times due to turmoil in the Red Sea, reports Container xChange. Read More

In the first eleven months of 2023, total U.S. imports of ceramic tile were 170.8 million square meters, a decline of 9.5% from the same period in 2022 when imports were 188.7 million square meters, according to Grosser Consulting. Read More

Signs are pointing to the beginning of a U.S. floor coverings sales recovery. Catalina Research estimates U.S. square foot sales is projected to increase by 2.5 percent in the first quarter of 2024. Read More

Tile is truly a global flooring product. With so many vendors exploring fashion and technology, innovation in both look and composition enables a large scale appetite for the various new products from all around the world. Thanks to this continuing globalization, tile’s market reach is one that extends worldwide and remains robust and diversified. Read More

Tile companies are still reporting growth amidst lower category performance, thanks to strong business plans and product offerings, helping tile steer its way though economic hazards. Read More

Home Depot entered into an agreement to acquire International Designs Group (IDG)—a construction materials conglomerate that includes UMI, Construction Resources (CR), Marva, European Granite & Marble Group, and Cancos Tile & Stone—from private equity firm Mill Point Capital. Read More

Lowe’s reported Q3 2023 net sales of $20.5 billion, a 12.8% decline compared to sales of $23.5 billion in the same quarter last year. Read More

Floor & Décor reported net sales of $1.1 billion in Q3 2023, up 0.9% from $1.1 billion in Q3 2022. Read More