BASF to Close Its German Caprolactam Plant
Ludwigshafen, DE, February 24, 2023-BASF has announced that it will close its Ludwigshafen, Germany caprolactam plant.
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Kährs Sales Rose 8% in Q1
Stockholm, Sweden, February 24, 2023—For Q1 2023, Kährs reports that net sales rose 8% to SEK 937 million (867).
Wayfair Lost Five Million Customers in 2022, Revenue Declined 11%
New York, NY, February 24, 2023—"Wayfair Inc. lost five million customers in 2022, shrinking the online furniture retailer’s shopper count to near its size before the Covid-19 pandemic triggered a consumer-spending surge,” reports the Wall Street Journal.
Chattanooga Times Free Press Names Shaw a 2023 Best Employer
Dalton, GA, February 24, 2023—Shaw Industries has been named the top winner in four employer categories for the Chattanooga Times Free Press 2023 North Georgia Best of the Best awards.
Personal Income Rose 0.6% in January, Spending Up 1.8%
Washington, DC, February 24, 2023—Personal income increased $131.1 billion (0.6%) in January, according to estimates released by the Bureau of Economic Analysis.
Tarkett Group Revenues Rose 9.4% in Q4, U.S. Revenues Up 22.6%
Paris, FR, February 23, 2023-Tarkett Group reported Q4 2022 revenues rose 9.4% YOY to 789.5 million euros, from sales price increases and favorable foreign exchange gain, despite lower volumes.
Home Depot Q4 Sales and Earnings Virtually Flat
Atlanta, GA, February 23, 2023-The Home Depot announced sales for Q4 2022 were $35.8 billion, a 0.3% increase from Q4 2021’s $35.7 million.
Q4 GDP Revised Down Slightly to 2.7%, Economy Showing Strength in Q1
Washington, DC, February 23, 2023-Real gross domestic product (GDP) increased at an annual rate of 2.7% in Q4 2022, according to the second estimate released by the Bureau of Economic Analysis.
Initial Jobless Claims Declined by 3,000 in Week Ending Feb. 18
Washington, DC, February 23, 2023-In the week ending February 18, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 3,000 from the previous week's revised level, according to the Department of Labor.
Multifamily Builder Confidence Inched Up but Remained Negative in Q4
Washington, DC, February 23, 2023-While the two main confidence indexes for multifamily housing increased slightly in Q4, they both remained in negative territory, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).