Although net sales in the first quarter of 2023 were 14% below the same period in the prior year, significantly due to a loss of volume in the mass merchant channel, the company reported strong gross margins driven by more efficient operations from its manufacturing plants during the quarter.
While the outlook in 2023 is cautiously optimistic, challenges such as supply chain disruptions, labor shortages, inflation, the housing market, and economic uncertainty remain.
Mohawk Industries reported rising interest rates and slower economic growth curbed sales of flooring in the first quarter of 2023 as inflation continued to push up production costs.
The flooring industry family gathered in Rocky Face, Georgia, for Cocktails for a Cause, an evening of fellowship, fundraising and raising awareness, hosted by Mary Helen and Will Young, for Floor Covering Industry Foundation.
Women in the Floorcovering Industry (WIFI) celebrated successes and made plans to expand its impact at the organization's spring board meeting held on April 26 at The Farm in Rocky Face, Georgia.
Want to make 2023 the year your retail flooring business is more profitable, more efficient and ready for growth? In the first installment of our new technology series, QFloors President Chad Ogden shares his five ways technology can improve your business.
The campaign was launched by the RFCI in the late fall of 2020 and is focused on increasing awareness of the benefits of resilient flooring and growing consumer affinity for the category.
Reporting from Coverings 2023, Floor Trends connects with Leonardo Pesce, the new CEO of PanariaGroup USA who will oversee the evolving presence of the $170 million company in the United States.
Michael Barrows, general manager of Atlanta Flooring Design Centers in Suwanee, Georgia, shares his experience dealing with cases of customer fraud that cost the retail operation nearly $30,000 and other retail stores in his county more than $100,000.
After increasing by 11% in 2022, U.S. imports of multilayered wood flooring through February are down by more than 27% in volume versus the same period last year, according to the U.S. International Trade Commission.
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