Lumber Liquidators Q2 Sales Inch Down, Income Declines More
Richmond, VA, August 3, 2022-Lumber Liquidators has reported Q2 2022 net sales of $299 million, a 0.8% decline from Q2 2021’s $301 million.
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.
Orders for Manufactured Goods Rose 2.0% in June
Washington, DC, August 3, 2022—New orders for manufactured goods in June, up thirteen of the last fourteen months, increased $10.8 billion or 2.0% to $555.2 billion, the U.S. Census Bureau reported. This followed a 1.8% May increase.
CFI Convention Underway Now in Orlando
Dalton, GA, August 3, 2022––The Certified Flooring Installers Association (CFI) annual convention and expo is underway now in Orlando, Florida at the Rosen Shingle Creek, running through August 4.
As Inflation Surges, Americans Are Adding Credit Card Debt
Washington, DC, August 3, 2022—Credit card debt surged in the United States from April through June as Americans borrowed billions of dollars to continue spending in the face of growing inflation, according to a Tuesday report from the Federal Reserve Bank of New York and reported by the Washington Post.
WFCA Holds Annual Board Meeting in Charleston
Dalton, GA, June 28, 2022-World Floor Covering Association (WFCA) recently held its annual board meeting at the Emeline hotel in Charleston, South Carolina, featuring a general session, committee meetings, guest speaker, and networking opportunities.
U.S. Employers Looking to Hire Despite Economic Challenges
New York, NY, August 3, 2022—In spite of a challenging economy, many U.S. businesses are still looking to hire, reports the Wall Street Journal.
Mortgage Applications Rose 1.2% in Week Ending July 29
Washington, DC, August 3, 2022-Mortgage applications increased 1.2% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending July 29, 2022.
Gas Prices Approach $4/Gallon After Falling for 7 Weeks
Washington, DC, August 3, 2022—U.S. gas prices have fallen for seven straight weeks and are approaching an average price of $4 a gallon, easing the pain of record-high fuel costs amid shrinking global demand for oil, reports the Wall Street Journal.
Stanton Adds Tile Offering with Acquisition of Floors 2000
Woodbury, NY, August 12 2022--Stanton Carpet Corporation has acquired Floors 2000. Floors 2000 is an importer and distributor of porcelain tile and LVP, serving the residential market.
Job Openings Declined to 10.7M in June
Washington, DC, August 2, 2022--The number of job openings decreased to 10.7 million on the last business day of June, a 5% decline from May's 11.3 million, the U.S. Bureau of Labor Statistics reported.