Articles
US Floor Coverings Hits High
In 2021, U.S. floor coverings sales came roaring back from the pandemic recession as the availability of a COVID-19 vaccination and continued fiscal and monetary stimulus gave consumers the confidence to replace their flooring. According to Catalina Research, residential purchases also received a boost from sharp gains in new home construction and existing home sales due to historic low interest rates. Read More
Mohawk's Q2 Sales Up 7%, Earning Down 17%
Mohawk Industries announced Q2 2022 net sales of $3.2 billion, an increase of 7% over Q2 2021’s $3.0 billion. For Q2 2022, net earnings were $280 million, a 17% decline compared to Q2 2021’s $336 million. Read More
Federal Reserve Raises Interest Rate Another .75%
The Federal Reserve continued a sprint to reverse its easy-money policies by approving another unusually large interest rate increase and signaling more rises were likely coming to combat inflation that is running at a 40-year high, according to the Wall Street Journal. Read More
Terrazzo Flooring Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global terrazzo flooring market reached a value of US$ 24.13 Billion in 2021. Looking forward, the publisher expects the market to reach a value of US$ 29.7 Billion by 2027, exhibiting a CAGR of 3.52% during 2021-2027. Read More