Uncertainty is the theme for the fourth quarter for flooring businesses. An in-kind donation can help flooring businesses clear inventory, do good for their community and achieve a significant tax break.
The 11th edition of Cersaie Business will see an increase in attendance, with the number of international participants expected to exceed a total of 240, including architecture firms, interior designers, distributors, installers and contractors.
From the 2023 Starnet Annual Meeting in Scottsdale, Arizona, Starnet President and CEO Mark Bischoff gives an overview of the commercial flooring market—which is growing despite a chaotic economic environment and challenging headwinds.
Total comparable store sales decreased 15.4% versus the same period last year. Gross margin of 36.6% decreased 70 basis points as a percentage of sales, driven by $2.1 million in incremental costs related to customs delays on flooring products that contain PVC as a consequence of the Uyghur Forced Labor Prevention Act.
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.