Business

State of the Industry: Rug Execs Share 2024 Expectations, Strategies

Area rug executives surveyed by RugNews.com report on the state of the industry, how they are coping with choppy waters and the bright spots to keep an eye on.

Nourison Home Unveils Redesigned Showroom at Las Vegas Market

Summer Las Vegas Market shoppers will be the first to check out Nourison Home's updated showroom in Building C, C112.

Thibaut Acquires Rosemary Hallgarten; Founder Hallgarten Named Chief Creative Officer

Thibaut, a portfolio company of private equity firm Norwest Equity Partners, has purchased luxury area rug designer and supplier Rosemary Hallgarten, with founder Hallgarten named chief creative officer.

Nourison Acquires J Mish, Expands U.S. Manufacturing Base, Broadloom Portfolio

Nourison Home expands its broadloom capabilities with the purchase of Georgia-based high-quality wool carpet manufacturer J Mish Mills.

Import Cargo Continuing to Rise Despite Red Sea Disruptions

Inbound cargo volume at the nation’s major container ports is expected to see year-over-year increases through the first half of the year despite attacks on ships in the Red Sea

Rug Execs Heading to Las Vegas Winter Market Set Expectations High

Area Rug executives expect the momentum of Q4 2023 sales to continue as the prepare for Vegas Market launching trending constructions, such as high-end hand-knotted and high-quality machine-mades, for shoppers.

Import Cargo Enters Winter Lull as Red Sea Disruptions Continue

With the holiday season over, inbound cargo volume at the nation’s major container ports should gradually slow during the first quarter of 2024 before beginning to build again in the spring.

John Feizy Reflects on his Namesake Company's Legacy, Lays Out Strategy for Future Growth

As Feizy’s 50th year in business draws to a close, RugNews.com sits down with industry veteran John Feizy to discuss the company's milestones, its future and philanthropic achievements.

Record Consumer Turnout for Thanksgiving Holiday Weekend

A record 200.4 million consumers shopped from Thanksgiving Day through Cyber Monday, surpassing last year’s record of 196.7 million.

Rug Executives: Bumpy 2023 to Close with Year-over-Year Growth

While 2023 proved yet another challenging year to navigate, surveyed area rug executives -- who have been proactively tweaking their strategies to take advantage of high growth categories -- expect to record steady growth by the end of Q4.

Surya Acquires Mitchell Gold + Bob Williams Brand

Surya has purchased the Mitchell Gold + Bob Williams brand and will re-introduce the influential label to its trade-only clients as part of its strategy to become a whole home decorating solution.

Surya to Open New 14K Sq. Ft. Showroom at Dallas Market Center

Surya is relocating its Dallas Market showroom to a 14,000 square foot showroom allowing it to better feature its growing offering of home goods and rugs, and also making access to both Surya and Global Views more convenient.

Nourison Home Launches Room Visualizer

Nourison Home has launched a room visualizer on their website that allows customers to view Nourison Home area rugs and broadloom carpets in their home.

Surya Expands Outdoor Furnishings Business with Acquisition of RST Brands

Surya has purchased RST Brands, a maker of outdoor furniture.

Kaleen Exits Machine-Made Rugs to Focus on Handmade Categories

Building on the success of its broadloom and LUXE rugs, Kaleen Rugs & Broadloom is exiting the machine-made category to focus on its handmade rugs, custom and broadloom categories.

Surya Celebrates Tenth Year of Recognition on the Inc. 5000 List

Surya has been named to the 2023 Inc. 5000 list of the fastest-growing private companies in the United States marking the 10th time the company has been on the list.

American Express Small Business Financial Confidence Report Reveals Impacts of the Economy on Financial Decision Making

American Express released the second edition of its recurring Small Business Financial Confidence Report, which looks at current market trends and their influence on the confidence of small businesses when making financial decisions.

Amer, a Manufacturer of Hand-Made, Tufted and Knotted Rugs, Seeks Independent Rep

Amer Rugs, a leading manufacturer of hand-made, tufted and knotted rugs, seeks independent rep for West Coast and Mid-West regions.

Rug Execs Remain Cautiously Optimistic Heading to Vegas Market

Area rug executives are expecting more typical summer traffic at the upcoming Las Vegas Market yet remain cautiously optimistic for the second half of 2023.

Amer Seeks E-Commerce Account Manager