Flooring - Market news and analysis

December 1, 2017

Kährs launches B2B e-commerce service

Marketing337  
Kährs Group continues its e-commerce initiative through a broad launch of the Kährs Direct service for the B2B segment in wood Flooring. A pilot project has been successfully implemented with selected customers in Sweden since 1 June, and the service will now be rolled out for additional B2B floorin...
November 27, 2017

Mohawk Industries to acquire Godfrey Hirst Group

Mohawk Industries, Inc. has agreed to acquire Godfrey Hirst Group, the leading Flooring company in Australia and New Zealand, further extending Mohawk's global position.The transaction is expected to be completed during the first half of 2018, pending customary closing conditions and regulatory appr...
November 20, 2017

Kährs Group's 3Q net sales increased by 3% to SEK 729 million ($86.5 million)

Finance178  
Kährs Group's 3Q 2017 net sales amounted to SEK 729 million ($86.5 million), an increase of SEK 21 million ($2.5 million), or 3%, compared with the 3Q 2016. Consolidated profit for the 3Q 2017 was SEK -20 million ($2.4 million), as the company said in the press release received by Lesprom Network.3Q...
November 17, 2017

Japan’s assembled Flooring up 26% in September

The value of September 2017 Japan’s imports of wooden Flooring up 26% from levels in September 2016 but dipped when compared to a August imports (-12%).For September 2107 HS 441875 accounted for 70% of Japan’s assembled Flooring imports followed by HS 441879 at 25%. Shippers in China dominated Septe...
November 7, 2017

Armstrong Flooring’s net sales decreased to $308.5 million in 3Q

Finance182  
In the 3Q 2017, Armstrong Flooring's net sales were $308.5 million, as compared to $313.4 million in the 3Q 2016, primarily as a result of a decline in net sales in the Wood Flooring segment.3Q 2017 net loss was $18.7 million, or loss per diluted share of $0.70, as compared to net income of $9.3 mil...
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