Sales & Earnings Down for The Tile Shop in Q1
Minneapolis, MN, May 1, 2019-The Tile Shop reported net sales for Q1 2019 fell 4.6% YOY.
Today's Flooring News
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Construction Spending Down 0.9% in March
Washington, DC, May 1, 2019—Construction spending during March 2019 was estimated at a seasonally adjusted annual rate of $1,282.2 billion, 0.9% below the revised February estimate of $1,293.3 billion, according to the U.S. Census Bureau.
Private Sector Employment Added 275K Jobs in April
Roseland, NJ, May 1, 2019—Private sector employment increased by 275,000 jobs from March to April, according to the April ADP National Employment Report.
Home Depot CFO Carol Tomé to Retire, Successor Named
Atlanta, GA, May 1, 2019-The Home Depot has announced that Carol Tomé, chief financial officer and executive vice president of corporate services, has decided to retire on August 31 after 24 years of service to the company.
Mohawk to Close Lyerly, Georgia Tufting Plant in June
Summerville, GA, May 1, 2019-Mohawk Industries announced on April 30 that tufting operations at its Lyerly, Georgia manufacturing plant will be shifted to other locations, reports The Summerville News.
Purchasing Managers Index Dropped in April but Still Positive
Tempe, AZ, May 1, 2019—The April Purchasing Managers Index (PMI) registered 52.8%, a decrease of 2.5 percentage points from the March reading of 55.3%, according to the latest Manufacturing ISM Report On Business.
CARE's 17th Annual Meeting Underway in Houston
Houston, TX, May 1, 2019—Carpet America Recovery Effort (CARE) is holding its 17th annual meeting today in Houston, Texas at Houston Airport Marriott at George Bush Intercontinental.
Lumber Liquidators Q1 Sales Up 1.7% on Higher Losses
Toano, VA, April 30, 2019-Lumber Liquidators announced Q1 2019 net sales increased 1.7%, compared to Q1 2018.
Home Prices Rose 4.0% YOY in February, Says Case-Shiller
New York, NY, April 30, 2019-Home prices made a 4.0% annual gain in February, down from 4.2% in the previous month, according to the S&P CoreLogic Case-Shiller U.S. National Home Price NSA Index, covering all nine U.S. census divisions.
WFCA Names Four New Board Members
Dalton, GA, April 30, 2019-The World Floor Covering Association announces the appointment of four new members to its board of directors.