Armstrong Flooring will enhance its cost efficiency on August 15, 2021, which the corporate mentioned will offset rising prices. The worth will increase between 3%-10% for choosing residential and business merchandise, with a minimum of $0.10 per sq. foot for engineered tile and flex LVT and $0.12 per sq. foot for the inflexible core.
“Armstrong Flooring is dedicated to our loyal clients and can proceed to boost product high quality, whereas working to supply it at aggressive costs,” mentioned Brent Flaharty, senior, chief buyer expertise officer of Armstrong Flooring. “We proceed to expertise vital price will increase in transportation and uncooked supplies, and regardless of our continued efforts, we discover it vital to extend costs on sure merchandise.”
The corporate additionally elevated prices in March as a result of provide chain rising prices and has undergone a succession of price hikes because the starting of 2021.