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Apr 22, 2021 / The Right News Right When It Happens

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Lowe’s Buys Stainmaster Brand from Invista

Mooresville, N.C., April 22, 2021–Lowe’s announced today its acquisition of the 35-year-old Stainmaster brand, the most recognized carpet brand. The Stainmaster brand first rose to fame in the market thanks to an unprecedented $85 million, three-year advertising campaign by Dupont that started in 1986.

Today's Flooring News

Existing-Home Sales Decreased 3.7% in March

Washington, D.C., April 22, 2021–Total existing-home sales decreased 3.7% from February to a seasonally adjusted annual rate of 6.01 million in March, according to the National Association of Realtors. Sales overall climbed year over year, up 12.3% from a year ago (5.35 million in March 2020).

Armstrong Reports 7.4% Increase in Net Sales for Q1 2021

Lancaster, PA, April 22, 2021–Armstrong Flooring reported net sales of $148.9 million for Q1 2021, an increase of 7.4% over Q1 2020’s $138.7 million.

Jobless Claims Decreased by 39K to 547K in Third Week of April

Washington, D.C., April 22, 2021–In the week ending April 17, the advance figure for seasonally adjusted initial claims was 547,000, a decrease of 39,000 from the previous week's revised level, according to the Department of Labor.

Daltile Offering CEU on Tile, Green Building

Dallas, TX, April 22, 2021–Daltile’s commercial team is launching an updated continuing education unit (CEU), “The Tile Industry & Green Building,” on ways tile can contribute toward green building certifications.