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May 21, 2020 / The Right News Right When It Happens

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Lowe's Net Earnings Increased 30% in Q1, Sales Up 11.3%

Mooresville, NC, May 21, 2020—Lowe's Companies reported Q1 net earnings of $1.3 billion, compared to a net earnings of $1.0 billion, a 30% increase.

Today's Flooring News

AIA Architecture Billings Index Slid to 29.5 in April

Washington, DC, May 20, 2020-Demand for design services in April saw its steepest decline on record, according to a new report today from The American Institute of Architects (AIA).

April Existing-Home Sales Tumbled 17.8%

Washington, DC, May 21, 2020-Total existing-home sales dropped 17.8% from March to a seasonally-adjusted annual rate of 4.33 million in April, according to the National Association of Realtors. Overall, sales decreased year-over-year, down 17.2% from a year ago (5.23 million in April 2019).

John Scheatzle Named President of Tarkett's Residential Business

Solon, OH, May 21, 2020—Tarkett has hired John Scheatzle as president of its residential business in North America, where he will lead continued growth in the segment.

AtlasMasland Unveils New Brand Identity

Dalton, GA, May 14, 2020—AtlasMasland revealed a comprehensive new brand strategy that reflects the company’s legacies with a unified voice and identity to the marketplace.

Increase in Remote Work Could Lead to Suburban Housing Boom

Seattle, WA, May 21, 2020-Where people choose to live has traditionally been tied to where they work, a dynamic that through the past decade spurred extreme home value growth and an affordability crisis in coastal job centers, reports Zillow.

High Point Fall Market Expanded to Nine Days

High Point, NC, May 21, 2020—In response to the ongoing COVID-19 pandemic, the High Point Market Authority is expanding the Fall Market dates in an effort to spread out attendance and account for expected reduced capacity requirements for showrooms and buildings. Fall Market will now take place over nine days from October 13 to 21, 2020.

Another 2.4 Americans Filed for Unemployment Last Week

Washington, DC, May 21, 2020—In the week ending May 16, the advance figure for seasonally adjusted initial claims was 2,438,000, a decrease of 249,000 from the previous week's revised level, according to the Department of Labor.

ANSI & BIFMA Revise Standard for Public & Lounge Seating

Grand Rapids, MI, May 21, 2020—The American National Standards Institute (ANSI) has approved the revised safety and performance standard: ANSI/BIFMA X5.4-2020, Public and Lounge Seating.

Abbey Partnering with Roomvo for Visualizer

Bonita Bay, FL, May 21, 2020—Abbey Carpet headquarters has chosen Roomvo as the visualizer for its network of floorcovering showrooms across North America.