Floor & Décor Grew Sales by 4.2% in Q2, Earnings Down 12.7%
Atlanta, GA, August 4, 2023—For Q2 2023, Floor & Décor reported a net sales increase of 4.2% to $1.14 billion from $1.09 billion in Q2 fiscal 2022. Comparable store sales decreased 6.0%.
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 Sales Down 8.4% in Q2, Earnings Down 26.5%
Minneapolis, MN, August 4, 2023—The Tile Shop reported net sales of $98.6 million for Q2 2023, an 8.4% decline compared to sales of $1.08 billion for Q2 2022.
Employment Rose by 187,000 in July, Unemployment Rate Steady at 3.5%
Washington, DC, August 4, 2023—Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5%, the U.S. Bureau of Labor Statistics reported.
Stump & Co. Reports on 2023 Las Vegas Summer Market
Las Vegas, NV, August 4, 2023—Stump & Co. issued the following report about the Las Vegas summer market, which took place July 30 to August 3, featuring home furnishings.
Labor Productivity Rose 3.7% in Q2
Washington, DC, August 3, 2023—Nonfarm business sector labor productivity increased 3.7% in Q2 2023, the U.S. Bureau of Labor Statistics reported, as output increased 2.4% and hours worked decreased 1.3%.
NWFA Rolls Out New Course, "Selling Against Wood Floor Look-alikes"
St. Louis, MO, August 3, 2023-The National Wood Flooring Association (NWFA) has launched a new sales course, "Selling Against Wood Floor Look-alikes," aimed at helping industry professionals effectively sell real wood flooring in an increasingly competitive marketplace.
Initial Jobless Claims Rose by 6,000 in Week Ending July 29
Washington, DC, August 3, 2023—In the week ending July 29, the advance figure for seasonally adjusted initial claims was 227,000, an increase of 6,000 from the previous week's unrevised level of 221,000, according to the Department of Labor.
Spec-Intelligence Launches Integration Software Technology
Chicago, IL, August 3, 2023—Spec-Intelligence, a commercial construction product data SaaS company, announced the launch of its proprietary Spec-ID Integration software technology that connects to Procore through an API.
HD Supply Acquires Redi Carpet
Atlanta, GA, August 2, 2023-HD Supply has completed the acquisition of Redi Carpet.
Residential Home Purchases by Foreign Buyers Declined 9.6% YOY
Washington, DC, August 2, 2023-Foreign buyers purchased $53.3 billion worth of U.S. existing homes from April 2022 through March 2023, slipping 9.6% from the previous 12-month period, according to a new report from the National Association of Realtors.