Tile Shop Net Sales Declined 10.1% YOY in Q1, Income Down 32%
Minneapolis, MN, May 10, 2024—The Tile Shop reported net sales for Q1 2024 were $91.7 million, a decline of 10.1%, compared to Q1 2023’s $102 million.
Today's Flooring News
Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Consumer Sentiment Declines 12.7% in Early May, Up 14.2% YOY
Ann Arbor, MI, May 10, 2024-Consumer sentiment declined 12.7% in early May to 67.4, according to preliminary estimates from the University of Michigan Survey of Consumers.
LL Flooring Adding Carpet to Product Offering in 200 Locations
Richmond, VA, May 10, 2024-In LL Flooring’s Q1 2024 earnings call, held May 8, the retailer announced that it will add a carpet offering to over 200 of its 435 locations by the end of Q2.
Belysse Revenue Down 8.3% in Q1, with U.S. Business Down 11.3%
Waregem, Belgium, May 10, 2024-Belysse, owner of Bentley and Modulyss, reported group revenue declined 8.3% YOY to 70.3 million Euros in Q1 2024.
Greenfield Flooring & Surface Tech, Inc. Merge
Rochester, NY, May 10, 2024—Greenfield Flooring and Surface Tech, Inc. have merged to become Surface Design Solutions, reports Rochester Business Journal.
Stradwicks Carpet One Destroyed by Fire on May 7
North Bay, Ontario, May 10, 2024--Stradwicks Carpet One Floor & Home of North Bay, Ontario was destroyed by fire on May 7, according to BayToday.CA.
Confindustria Ceramica Presents Thorntree with Distributor Award
New York, NY, May 10, 2024—Every year during Coverings, Confindustria Ceramica (the Association of Italian Ceramics) unveils the recipient of the North American Distributor Award, an annual award honoring an exemplary North American tile distributor, and Thorntree was selected as this year’s recipient for its exceptional service and commitment to promoting Italian ceramics in the market.
LL Flooring's Net Sales Down 21.7% in Q1, Net Loss of $29 Million
Richmond, VA, May 9, 2024—LL Flooring reported net sales of $188.5 million for Q1 2024, a decline of 21.7% compared to Q1 2023’s $240.7 million.
CARE Names 2023 Person and Recycler of the Year
Dalton, GA, May 9, 2024-CARE announced winners of the Person and Recycler of the Year Awards for 2023 on May 7 in conjunction with the organization’s 22nd Annual Conference in Indianapolis, Indiana
Multifamily Market Confidence Declined In Q1 2024
Washington, DC, May 9, 2024--Confidence in the market for new multifamily housing declined year-over-year in the first quarter of 2024, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).