Renew Lab Partners recent acquisition of Professional Testing Laboratory (PTL) will allow expansion into ceramic tile testing with an eye on the retail sector.
The net sales increase was achieved amidst the continuing economic challenges posed by rising mortgage interest rates, near-record-low existing home sales, ongoing pressure on housing affordability, and slowing sales of large ticket discretionary products.
Vendors presented myriad products and initiatives for driving business for the 40 retail members of the National Floorcovering at the group's 2023 fall meeting in Coeur d'Alene, Idaho.
Rising interest rates, increased wages and higher costs of goods are not stopping the 40 members of the National Floorcovering Alliance (NFA) who said they are taking advantage of the retail slowdown to analyze costs, fine-tune showrooms, and invest in technology.
Registration is now open for The International Surface Event (TISE): SURFACES | StonExpo | TileExpo with exciting opportunities planned for the industry.
Retailers will be able to explore Mohawk’s new products and innovations that will help drive differentiation in their local markets during the upcoming year.
When Dean and Deb DeGraaf bought DeGraaf Interiors from their father Daryll DeGraaf in 2007 for $1 million, they said it was a leap of faith. In celebration of 30 years in business, they share insights into the challenges and opportunities that lead them to success.
Performance primarily reflected the continued impact of the difficult macro backdrop that has impacted big ticket discretionary purchases as well as the demand for home remodeling projects, according to LL Flooring President and Chief Executive Officer Charles Tyson.
