| Apr 22, 2021 / The Right News Right When It Happens | Top Story | | 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. | |
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| 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). | |
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| | 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. | |
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| | 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. | |
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| 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. | |
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Featured Video | | Jeff Macco Discusses How Macco Floors will React to Stainmaster Brand Ownership Change | April 22, 2021—Jeff Macco, VP with Macco Floors, and Kemp Harr discuss how this top 50 retailer plans to react to Lowe’s purchase of the S | |
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