Interface's Q2 2023 Sales Declined 4.9%, Income Down 6%
Atlanta, GA, August 4, 2023—Interface reported Q2 2023 net sales were $329.6 million, down 4.9% versus $346.6 million in the prior year period.
Today's Flooring News
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Dixie Group Sales Declined 11.6% in Q2, Net Loss of $1.62M Recorded
Dalton, GA, August 4, 2023-For Q2 2023, The Dixie Group had net sales of $74.0 million, an 11.6% decline compared to sales of $83.7 million in the same quarter of 2022.
Shaw Shifts to Net 30 Terms for Commercial and Residential Carpet
Dalton, GA, August 4, 2023-Shaw Industries is notifying customers this week that it is dropping discount terms for early payment of its commercial and residential carpet orders.
Floor & Décor Grew Sales by 4.2% in Q2, Earnings Down 12.7%
Atlanta, GA, August 4, 2023—For Q2 2023, Floor & Décor reported a net sales increase of 4.2% to $1.14 billion from $1.09 billion in Q2 fiscal 2022. Comparable store sales decreased 6.0%.
The Tile Shop Sales Down 8.4% in Q2, Earnings Down 26.5%
Minneapolis, MN, August 4, 2023—The Tile Shop reported net sales of $98.6 million for Q2 2023, an 8.4% decline compared to sales of $1.08 billion for Q2 2022.
Employment Rose by 187,000 in July, Unemployment Rate Steady at 3.5%
Washington, DC, August 4, 2023—Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5%, the U.S. Bureau of Labor Statistics reported.
Stump & Co. Reports on 2023 Las Vegas Summer Market
Las Vegas, NV, August 4, 2023—Stump & Co. issued the following report about the Las Vegas summer market, which took place July 30 to August 3, featuring home furnishings.
Labor Productivity Rose 3.7% in Q2
Washington, DC, August 3, 2023—Nonfarm business sector labor productivity increased 3.7% in Q2 2023, the U.S. Bureau of Labor Statistics reported, as output increased 2.4% and hours worked decreased 1.3%.
NWFA Rolls Out New Course, "Selling Against Wood Floor Look-alikes"
St. Louis, MO, August 3, 2023-The National Wood Flooring Association (NWFA) has launched a new sales course, "Selling Against Wood Floor Look-alikes," aimed at helping industry professionals effectively sell real wood flooring in an increasingly competitive marketplace.
Initial Jobless Claims Rose by 6,000 in Week Ending July 29
Washington, DC, August 3, 2023—In the week ending July 29, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 6,000 from the previous week's unrevised level of 221,000, according to the Department of Labor.