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Resilient flooring state of the industry 2024

Floor Covering News

F or the second year running—and only the second time in the past 15 years —resilient flooring will end 2024 down in both dollar sales and volume. The overall retail flooring business has contracted as discretionary income declined for some, and others with higher income moved their discretionary income to travel, entertainment, etc.

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25 tips from top executives

Floor Covering News

With that in mind, FCNews reached out to numerous top executives in the industry to glean some insight into strategies for success in 2024. Since many of them will already be employed by 2025 and 2026, your company’s best chance to find new employees or poach from a competitor will be in 2024. economy and jobs.

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Positive predictions amid all the uncertainty

Floor Covering News

With inflation comes some fear consumers will have less disposable income for purchases like flooring. And this industry relies on ITR for the most accurate forecasts. Not until late 2025 and into 2026.” As demand settles to a more sustainable level, there will still be plenty of need for flooring. Sounds good to me.

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Economics: ITR forecast signals return to ‘normalized’ growth

Floor Covering News

And let’s not talk about the broader global impact that the war in Ukraine has had on many different industries and countries. Alan Beaulieu, president of ITR Economics, looked to help industry members make sense of all this complexity during a recent keynote presentation. industrial production keeps on rising.

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Exclusive: Boen and Somerset—A dynamic duo

Floor Covering News

A few months ago Bauwerk Group, a Switzerland-based manufacturer of hardwood flooring that also owns the Boen brand, purchased the prefinished side of Somerset Hardwood Flooring , the company founded by Steve Merrick in 1990 as a supplier of unfinished goods. I’m looking on the floor. And that’s a whole different perspective.

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