Mohawk Revenue up 0.3% Globally, Down 7% in N. America in Q2
Calhoun, GA, July 26, 2019-Mohawk Industries, Inc. (NYSE: MHK) announced that the net sales for the second quarter of 2019 were $2.6 billion, which is what it reported for Q2 2018.
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.
The Tile Shop's Q2 Net Sales Fell 4.3% YOY
Minneapolis, MN, July 26, 2019—The Tile Shop reported net sales for Q2 2019 decreased $4.0 million, or 4.3%, from $92.9 million in the second quarter of 2018 to $88.9 million in the second quarter of 2019.
GDP Up 2.1% in Advance Estimate for Q2
Washington, DC, July 26, 2019-Real gross domestic product (GDP) increased at an annual rate of 2.1% in the second quarter of 2019, according to the "advance" estimate released by the Bureau of Economic Analysis. In the first quarter, real GDP increased 3.1%.
Shaw Industries Is Finalist For Three Responsible Business Awards
Dalton, GA, July 26, 2019—Shaw Industries Group, Inc. has been named a finalist for the Ethical Corporation’s 10th Responsible Business Awards 2019-the world’s leading celebration of responsible business excellence-in three categories.
Mohawk Group Touts Quick-Ship and Tufting Technology
Calhoun,GA, July 26, 2019—Mohawk Group's Expanding Influence collection of stylish running line Definity broadloom and area rugs are now available through a seamless ordering process with a faster turnaround.
New Autograph Upscale Marriott Hotel Coming to San Francisco
San Francisco, CA July 26, 2019-EDG, an award-winning hospitality design and strategy studio headquartered in the San Francisco Bay Area, and Braemar Hotels & Resorts announced the planned opening of The Clancy in January 2020.
Stifel's Analysis Previews Lackluster Flooring Performance for Q2
St. Louis, MO, July 25, 2019-Stifel's Flooring Earnings Preview indicated that flooring demand would be flat in Q2. Earnings releases from The Tile Shop and Tarkett have backed this weak flooring outlook with these companies seeing negative company growth.
AIA’s Nonresidential Forecast Predicts Growth
Washington, DC, July 25, 2019—Spending on nonresidential building construction is expected to increase almost 4% this year and more than 2% in 2020, according to a new consensus forecast from The American Institute of Architects (AIA).
Durable Goods Orders Rose 2% in June
Washington, DC, July 25, 2019—New orders for manufactured durable goods in June increased $4.9 billion or 2% to $246.0 billion, the U.S. Census Bureau announced.
Rental Vacancy Rates Flat for Q2 2019
Washington, DC, July 25, 2019—National vacancy rates in the second quarter of 2019 were 6.8% for rental housing and 1.3% for homeowner housing, according to the U.S. Census Bureau.