| | | Jun 29, 2023 / The Right News Right When It Happens | | Top Story | | | | Shaw Closing Decatur Carpet Plant, Shifting Production to Other Facilities | | Dalton, GA, June 29, 2023-Shaw Industries has announced plans to shift production of its residential carpet manufacturing operations in Decatur, Tennessee to other Shaw facilities in Northwest Georgia. | | |
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| | Today's Flooring News | | | | Q1 GDP Revised Up to 2% in Third Estimate | | Washington, DC, June 29, 2023—Real gross domestic product (GDP) increased at an annual rate of 2.0% in Q1 2023, according to the third estimate released by the Bureau of Economic Analysis. In Q4, real GDP increased 2.6%. | | |
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| | | | Pending Home Sales Declined 2.7% in May | | Washington, DC, June 29, 2023—Pending home sales shrunk 2.7% in May from the previous month, according to the National Association of Realtors. | | |
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| | | | DFS Flooring Acquires Commercial Assets of Pride of Los Angeles | | Van Nuys, CA, June 29, 2023-DFS Flooring has acquired the commercial assets of Pride of Los Angeles, California, a privately owned maintenance company located in Tarzana, California. | | |
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| | | Carlisle Wide Plank Floors Acquired by Switchback Capital | | Stoddard, NH, June 29, 2023—Carlisle Wide Plank Floors, a designer, manufacturer and direct seller of luxury, hardwood wide plank flooring and portfolio company of Boston-based private equity firm JMH Capital, has been acquired by Switchback Capital, an Austin, Texas-based private equity firm. | | |
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| | | Novalis to Commerce Production Using Unilin Matte Bevel Tech | | Waregem, Belgium, June 29, 2023-Unilin Technologies, the IP and technology division of Unilin, has announced that Novalis, a manufacturer of resilient flooring products, will commence production of Unilin's patented Matte Bevel Technology. | | |
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| | | Metroflor Rolls Out First Carbon Neutral Collections | | Norwalk, CT, June 29, 2023—Following the creation of Environmental Product Declarations (EPDs) for specific product lines and the data they provided about product lifecycle assessments, Metroflor Corporation announced that it has secured carbon credits to offset the total amount of embodied carbon generated by the manufacture and sale of Déjà New products. | | |
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| | | Gesco Industries Acquired by Ironbridge Equity Partners | | Brampton, ON, June 29, 2023—Gesco Industries—comprising Shnier (Canadian-based national floorcovering distribution company), Division9 (a supplier of commercial flooring solutions to the architect and design community), and Tierra Sol Ceramic Tile (a supplier of ceramic tile solutions in Western Canada)—announces the sale of Gesco's assets to Ironbridge Equity Partners is complete commencing an exciting new chapter for the organization. | | |
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| | | Initial Jobless Claims Declined by 26,000 in Week Ending June 24 | | Washington, DC, June 29, 2023—In the week ending June 24, the advance figure for seasonally adjusted initial claims was 239,000, a decrease of 26,000 from the previous week's revised level, according to the Department of Labor. | | |
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| | | The Projected 2023 Recession Never Materialized--How Come? | | New York, NY, June 29, 2023—"The 2023 recession is missing in action. At the end of last year, economists were more convinced than they’ve ever been that recession was on the way, but it refused to arrive. | | |
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| | | Spartan Surfaces Expands into Oregon | | Bel Air, MD, June 29, 2023—Spartan Surfaces has extended its presence into Oregon. | | |
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| | | Dr. Ayana Elizabeth Johnson to Provide Greenbuild's Friday Keynote | | New York, NY, June 29, 2023—Dr. Ayana Elizabeth Johnson, marine biologist, policy expert, writer, and co-founder of the non-profit think tank Urban Ocean Lab, will take the Greenbuild stage on Friday, September 29 at 11:00 a.m. EST. | | |
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| | | Entry Period for 2023 Tile of Spain Awards Now Open | | Miami, FL, June 29, 2023—The Spanish Ceramic Tile Manufacturer’s Association (ASCER) announces the call for entry for the 2023 edition of the Tile of Spain Awards of Architecture, Interior Design and Final Degree Project. | | |
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