Home Depot Sales Declined 4.2% in Q2, Earnings Down 8.5%
Atlanta, GA, May 16, 2023-The Home Depot reported sales of $37.3 billion for Q1 2023, a decrease of 4.2% from Q1 2022’s $38.9 billion.
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.
Builder Confidence Jumps Five Points to 50 in May
Washington, DC, May 16, 2023—Builder confidence in the market for newly built single-family homes in May rose five points to 50, according to the National Association of Home Builders (NAHB)/Wells Fargo Housing Market Index (HMI).
Retail Sales Rose 0.4% in April
Washington, DC, May 16, 2023—Advance estimates of U.S. retail and food services sales for April 2023 were $686.1 billion, up 0.4% from the previous month, and up 1.6% above April 2022, according to the U.S. Census Bureau.
Household Debt Increased by 0.9% in Q1 2023
New York, NY, May 16, 2023—The Quarterly Report on Household Debt and Credit shows an increase in total household debt in Q1 2023, increasing by $148 billion (0.9%) to $17.05 trillion, according to the Federal Reserve Bank of New York's Center for Microeconomic Data.
Industrial Production Rose 0.5% in April
Washington, DC, May 16, 2023—Industrial production rose 0.5% in April after moving sideways the previous two months, according to the Federal Reserve.
Stump Reports on HD Expo 2023
Charlotte, NC, May 16, 2023—Analyst Stump & Co. reports on HD Expo, “Las Vegas delivered a huge win for the hospitality industry last week, with over 10,000 attendees at the Mandalay Bay Convention Center for the annual HD (Hospitality & Design) Expo.
Distributive Trade Sales & Manu. Shipments Down 1.1% in March
Washington, DC, May 16, 2023—The combined value of distributive trade sales and manufacturers’ shipments for March was estimated at $1,790.8 billion, down 1.1% from February 2023 and was down 0.3% from March 2022, according to the U.S. Census Bureau.
Shuttle to Run Between Merchandise Mart & Fulton During NeoCon
Chicago, IL, May 16, 2023— To simplify transportation between the Merchandise Mart and the Fulton Design District, a complementary round-trip shuttle will run between the two sites, clearly marked with Design Days branding.
Fishman Doubles Size of Columbus, Ohio Showroom
Columbus, OH, May 15, 2023-Fishman Flooring Solutions recently double the size of its Columbus, Ohio showroom.
Xpress Global Systems Names Silva to CFO Role
Chattanooga, TN, May 15, 2023—Xpress Global Systems (XGS), which focuses on nationwide transportation of floorcoverings, has named Roger Silva as its new chief financial officer (CFO).