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.

Shaw Shifts to Net 30 Terms for Commercial and Residential Carpet

Dalton, GA, August 4, 2023-Shaw Industries is notifying customers this week that it is dropping discount terms for early payment of its commercial and residential carpet orders.

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%.

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