Florim to Hold Grand Opening of New York City Showroom Tomorrow
New York, NY, November 15, 2023—Florim will hold a grand opening at its flagship New York City showroom on November 16, from 5:00 to 9:00 p.m. EST.
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.
Home Depot Sales Down 3% in Q3, Earnings Down 12.2%
Atlanta, GA, November 14, 2023—The Home Depot reported sales of $37.7 billion for Q3 2023, a decrease of 3.0% from Q3 2022. Comparable sales for Q3 2023 decreased 3.1%, and comparable sales in the U.S. decreased 3.5%.
October Inflation Flat with September
Washington, DC, November 14, 2023-The Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in October on a seasonally adjusted basis, after increasing 0.4% in September, the U.S. Bureau of Labor Statistics reported.
Sullivan's F9 Investments Makes Another Bid for LL Flooring
Richmond, VA, November 14, 2023—"LL Flooring Holdings Inc., formerly known as Lumber Liquidators, received Tuesday a buyout bid from private equity firm F9 Investments LLC that values the wood floors maker at about $92.6 million,” reports MarketWatch.
NAFCD 2023 Convention Underway Now in Colorado Springs
Chicago, IL, November 14, 2023-The 2023 NAFCD + NBMDA annual convention begins today in Colorado Springs, Colorado, running through November 16.
Small Business Optimism Declined to 90.7 in October
Washington, DC, November 14, 2023—The small business Optimism Index decreased 0.1 points in October to 90.7, marking the 22nd month below the 50-year average, reports NFIB. The last time the Optimism Index was at or above the average was December 2021.
FCEF Kicks Off 100 in 100 Installer Training Scholarship Promotion
Dalton, GA, November 14, 2023-Through a new promotion named "100 in 100," the Floor Covering Education Foundation (FCEF) will offer scholarships to cover the full cost of tuition for installation training to 100 individuals in 100 days.
Shaw Rolls Out Coretec Resource Center
Dalton, GA, November 14, 2023-Coretec, Shaw’s premier brand specializing in waterproof LVP and mineral core floors, has introduced a new Coretec Resource Center on retailers’ account management platform, ShawNow.
Holiday Spending Expected To Rise, But Economic Uncertainty Looms
Stevens, PA, November 14, 2023-"Retailers and the consumers on whom they depend are rushing headstrong into the holiday shopping season, facing a level of economic uncertainty that they haven’t experienced since 2007, right before the Great Recession hit,” reports Unity Marketing.
The Dixie Group Sales Down 4.5% in Q3 on Net Loss of $2.4 Million
Dalton, GA, November 13, 2023—The Dixie Group reported net sales of $68.6 million for Q3 2023, a 4.5% decline compared to net sales of $71.8 million in Q3 2022.