QFloors Users Conference Underway Now in Utah
Springdale UT, November 3, 2023-The QFloors Users Conference kicked off November 1 in Springdale, Utah, which is the gate of Zion National Park.
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.
Floor & Decor Comparable Store Sales Declined 9.3% in Q3
Atlanta, GA, November 3, 2023-Floor & Décor reported net sales of $1.1 billion in Q3 2023, up 0.9% from $1.1 billion in Q3 2022.
Meridian Adhesives Group Moves Headquarters to Charlotte
Charlotte, NC, November 3, 2023-- Meridian Adhesives Group announced the strategic relocation of its corporate headquarters to Charlotte, North Carolina.
Galleher Recognized with FSC-U.S. Leadership Award
Santa Fe Springs, CA, November 3, 2023—Distributor Galleher has been recognized for its dedication to the promotion and sale of FSC-certified wood flooring products for over 15 years.
Employment Rose by 150K in October, Unemployment Little Changed
Washington, DC, November 3, 2023-Total nonfarm payroll employment increased by 150,000 in October, and the unemployment rate changed little at 3.9%, the U.S. Bureau of Labor Statistics reported.
NRF Forecasts Holiday Spending to Rise in 2023
Washington, DC, November 3, 2023—The National Retail Federation forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion.
Fed Extends Rate Hike Pause
Washington, DC, November 2, 2023—"Federal Reserve Chair Jerome Powell hinted the central bank might be done raising interest rates for now but was careful not to rule out another increase after officials extended a pause in hikes,” reports the Wall Street Journal.
Shaw's Baucom and Bell Named to Georgia 500 List
Dalton, GA, November 2, 2023-Shaw Industries announces the inclusion of president and CEO Tim Baucom and Vance Bell, former CEO and current chairman of the board, in Georgia Trend magazine's Georgia 500 list.
Schönox Presents Two Smooth Performer Awards
Charleston, SC, November 2, 2023—Schönox HPS North America presented William M. Bird and East Bay Supply Company, both members of the Southern Diversified Distributors family of companies, with the Schönox Smooth Performer Award.
Labor Productivity Rose 4.7% in Q3
Washington, DC, November 2, 2023-Nonfarm business sector labor productivity increased 4.7% in Q3 2023, the U.S. Bureau of Labor Statistics reported, as output increased 5.9% and hours worked increased 1.1%.