Consumer Spending Softened Before Holidays
Washington, DC, January 3, 2023—"The U.S. economy showed fresh signs of slowing late this year as consumer spending and business demand softened and inflation eased,” reports the Wall Street Journal.
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.
More Companies Requiring a Return to Office in 2023
Washington, DC, January 3, 2023—"Companies including investment giant Vanguard Group, workplace technology company Paycom Software Inc. and others have sent directives to employees in recent weeks, urging workers to follow existing hybrid schedules or to come into the office on additional days in 2023, according to internal memos viewed by The Wall Street Journal and interviews with employees. In some cases, bosses have told those who fail to comply that they could face termination within weeks.”
Fred Williamson Retires from Starnet
Columbus, OH, January 2, 2023-Fred Williamson has retired as executive vice president of Starnet.
Piet Dossche Steps Down from Shaw Board of Directors
Dalton, GA, January 2, 2023-Piet Dossche has chosen to step down from the Shaw board of directors, effective December 2022.
Floorcloud & Consolidated Flooring Form Partnership
New York, NY, January 2, 2023—Floorcloud and Consolidated Flooring announced their partnership to bring the New York and Chicago market areas a new technology platform to enhance the level of jobsite quality control occurring on many of the largest commercial construction projects in each region.
Bill Wilson Promoted to EVP of Sales & Marketing for Abbey
Bonita Springs, FL, January 2, 2023—Abbey Carpet Company Incorporated named Bill Wilson executive vice president of sales & marketing.
New-Home Sales Rose 5.8% in November
Washington, DC, December 23, 2022—Sales of new single-family houses in November 2022 were at a seasonally adjusted annual rate of 640,000, according to estimates released jointly by the U.S. Census Bureau and the Department of Housing and Urban Development, 5.8% above the revised October rate of 605,000 but 15.3% below the November 2021 estimate of 756,000.
Consumer Sentiment Rose 5.1% to 59.7 in December
Ann Arbor, MI, December 23, 2022—Consumer sentiment rose 5.1% to 59.7 in December, according to final results from the University of Michigan Survey of Consumers.
Supply-Chain Challenges Spurred by Covid Now Abated
New York, NY, December 23, 2022—"The Covid-19 pandemic might not be gone, but the global supply-chain crisis it spawned has abated,” reports the Wall Street Journal.
Durable Goods Orders Declined 2.1% in November
Washington, DC, December 23, 2022—New orders for manufactured durable goods in November, down following three consecutive monthly increases, decreased $5.8 billion or 2.1% to $270.6 billion, the U.S. Census Bureau announced. This followed a 0.7% October increase.