Dixie Group's Q1 Sales Declined 13.5%
Dalton, GA, May 5, 2023-The Dixie Group reported net sales of $67.1 million for Q1 2023, a 13.5% decline compared to sales of $77.6 million in Q1 2022.
Today's Flooring News
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Dodge Momentum Index Declined 5.1% in April to 180.9
Hamilton, NJ, May 5, 2023—The Dodge Momentum Index (DMI), issued by Dodge Construction Network, fell 5.1% in April to 180.9 from the revised March reading of 190.6. In April, the commercial component of the DMI fell 8.0%, and the institutional component improved 0.3%.
Rasa Floors & Martin Greenbaum Company Merge
Carrollton, TX, May 5, 2023—Rasa Floors has merged with Martin Greenbaum Company (MGC), bringing together two providers of flooring installation services.
Mannington Joins Vinyl Sustainability Council
Washington, DC, May 5, 2023-The Vinyl Sustainability Council (VSC), a self-funded business council advancing sustainability in the vinyl industry, welcomed Mannington Mills as the council's newest member.
Nonfarm Employment Up by 236,000, Unemployment Steady at 3.5%
Washington, DC, May 5, 2023—Total nonfarm payroll employment rose by 236,000 in March, and the unemployment rate changed little at 3.5%, the U.S. Bureau of Labor Statistics reported.
Coverings 2023 Attendance Rose 50% YOY
Arlington, VA, May 3, 2023––Organizers of Coverings, the largest international ceramic tile and natural stone event in North America, have announced that Coverings 2023 exceeded expectations with a vigorous 50% year-over-year increase in attendance, totaling nearly 27,000 eventgoers who gathered April 18 to 21 at the Orange County Convention Center, in Orlando, Florida.
Fed Raises Interest Rates to 16-Year High
Washington, DC, May 4, 2023—"Federal Reserve officials signaled they might be done raising interest rates for now after approving another increase at their meeting that concluded Wednesday,” reports the Wall Street Journal.
Trade Deficit Narrowed by $6.4B in March
Washington, DC, May 4, 2023—The goods and services deficit was $64.2 billion in March, down $6.4 billion from $70.6 billion in February, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
USTC Seizes SPC for Unilin Patent Infringement
Waregem, Belgium, May 4, 2023—In April 2023, the U.S. International Trade Commission again ordered to seize and forfeit containers of infringing SPC products, this time imported by a company from Toronto.
Shaw Names Annie Cowart VP of Residential Marketing
Dalton, GA, May 4, 2023-Shaw Industries announces that Annie Cowart has joined the company’s residential division as the vice president of marketing.