February Consumer Sentiment Up 6.7% YOY
Ann Arbor, MI, February 24, 2023—Consumer sentiment rose 3.2% in February to 67.0, according to final results from the University of Michigan Survey of Consumers.
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.
Multilayer Wood Flooring Imports Rose by 11% in Value in 2022
Washington, DC, February 24, 2034—In 2022, U.S. imports of multilayered wood flooring rose by more than 11% in value to more than $1.3 billion and 7% in volume to more than 761 million square feet, according to the Decorative Hardwoods Association.
BASF to Close Its German Caprolactam Plant
Ludwigshafen, DE, February 24, 2023-BASF has announced that it will close its Ludwigshafen, Germany caprolactam plant.
Kährs Sales Rose 8% in Q1
Stockholm, Sweden, February 24, 2023—For Q1 2023, Kährs reports that net sales rose 8% to SEK 937 million (867).
Wayfair Lost Five Million Customers in 2022, Revenue Declined 11%
New York, NY, February 24, 2023—"Wayfair Inc. lost five million customers in 2022, shrinking the online furniture retailer’s shopper count to near its size before the Covid-19 pandemic triggered a consumer-spending surge,” reports the Wall Street Journal.
Chattanooga Times Free Press Names Shaw a 2023 Best Employer
Dalton, GA, February 24, 2023—Shaw Industries has been named the top winner in four employer categories for the Chattanooga Times Free Press 2023 North Georgia Best of the Best awards.
Personal Income Rose 0.6% in January, Spending Up 1.8%
Washington, DC, February 24, 2023—Personal income increased $131.1 billion (0.6%) in January, according to estimates released by the Bureau of Economic Analysis.
Tarkett Group Revenues Rose 9.4% in Q4, U.S. Revenues Up 22.6%
Paris, FR, February 23, 2023-Tarkett Group reported Q4 2022 revenues rose 9.4% YOY to 789.5 million euros, from sales price increases and favorable foreign exchange gain, despite lower volumes.
Home Depot Q4 Sales and Earnings Virtually Flat
Atlanta, GA, February 23, 2023-The Home Depot announced sales for Q4 2022 were $35.8 billion, a 0.3% increase from Q4 2021’s $35.7 million.
Q4 GDP Revised Down Slightly to 2.7%, Economy Showing Strength in Q1
Washington, DC, February 23, 2023-Real gross domestic product (GDP) increased at an annual rate of 2.7% in Q4 2022, according to the second estimate released by the Bureau of Economic Analysis.