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.
Washington, DC, November 4, 2022—"The rise of remote work and the ballooning cost of housing in major metro areas are leading Americans to move much farther away when buying a home,” reports the Wall Street Journal.
Washington, DC, November 4, 2022-Total nonfarm payroll employment increased by 261,000 in October, and the unemployment rate rose to 3.7%, the U.S. Bureau of Labor Statistics reported.
Mooresville, NC, November 4, 2022—Lowe's Companies has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, for $400 million in cash and performance-based deferred consideration.
Dalton, GA, November 3, 2022-The Dixie Group reported net sales of $71.8 million for Q3 2022, a 20% decline compared to net sales of $89.3 million in the same period last year.
Richmond, VA, November 2, 2022—LL Flooring’s Q3 2022 net sales were $268.8 million, a decline of 4.8% from Q3 2021’s $282.2 million, primarily due to continued lower consumer spending versus last year, which more than offset just under double-digit growth in sales to ro customers.
Washington, DC, November 3, 2022— The goods and services deficit was $73.3 billion in September, up $7.6 billion from $65.7 billion in August, revised, the U.S. Census Bureau and the U.S. Bureau of Economic Analysis announced.
Washington, DC, November 3, 2022— New orders for manufactured goods in September, up eleven of the last twelve months, increased $1.5 billion or 0.3% to $551.0 billion, the U.S. Census Bureau reported.
Washington, DC, November 3, 2022— In the week ending October 29, the advance figure for seasonally adjusted initial claims was 217,000, a decrease of 1,000 from the previous week's revised level, according to the Department of Labor.
Washington, DC, November 3, 2022— Nonfarm business sector labor productivity increased 0.3% in Q3 2022, the U.S. Bureau of Labor Statistics reported today, as output increased 2.8% and hours worked increased 2.4%, according to the Bureau of Labor Statistics.
Arlington, VA, November 3, 2022—Coverings announced the official commencement for event registration, special-rate hotel reservations and award program submissions for Coverings 2023, scheduled to take place April 18 to 21, 2023, at the Orange County Convention Center in Orlando, Florida.