Dixie Group Reports 20% Sales Decline in Q3, Net Loss of $7.2M
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.
Today's Flooring News
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LL Flooring Posts Net Loss of $3.8M for Q3, Sales Down 4.8%
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.
Goods & Services Deficit Widened by $7.6B in September
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.
Orders for Manufactured Goods Rose 0.3% in September
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.
Initial Jobless Claims Declined by 1,000 in Week Ending October 29
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.
Labor Productivity Rose 0.3% in Q3 2022
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.
Registration for Coverings 2023 Now Open
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.
Anderson Named to Ceramic Technics Hospitality Sales Team
Atlanta, GA, November 3, 2022—Ceramic Technics has announced the addition of Leslie Anderson to its hospitality sales team as director of strategic accounts, Marriott & IHG.
Crown Products Acquires All-Tile
Bloomington, MN, November 2, 2022-Crown Products, based in Bloomington, Minnesota, continues to expand with the acquisition of All-Tile, based in Wood Dale, Illinois.
Gerflor Acquires Stagestep
Bolingbrook, IL, November 2, 2022—Gerflor has acquired Stagestep, the oldest dance floor company in the United States.