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.
Washington, DC, November 3, 2023—The National Retail Federation forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion.
Washington, DC, November 2, 2023—"Federal Reserve Chair Jerome Powell hinted the central bank might be done raising interest rates for now but was careful not to rule out another increase after officials extended a pause in hikes,” reports the Wall Street Journal.
Dalton, GA, November 2, 2023-Shaw Industries announces the inclusion of president and CEO Tim Baucom and Vance Bell, former CEO and current chairman of the board, in Georgia Trend magazine's Georgia 500 list.
Charleston, SC, November 2, 2023—Schönox HPS North America presented William M. Bird and East Bay Supply Company, both members of the Southern Diversified Distributors family of companies, with the Schönox Smooth Performer Award.
Washington, DC, November 2, 2023-Nonfarm business sector labor productivity increased 4.7% in Q3 2023, the U.S. Bureau of Labor Statistics reported, as output increased 5.9% and hours worked increased 1.1%.
Eagan, MN, November 2, 2023—Inside Edge Commercial Interior Services announced its recognition as ranking fifth on the Fast 50 List by the Minneapolis St. Paul Business Journal for 2023.
Fredericksburg, VA, November 2, 2023—Mid Atlantic Floor Covering Association announced the winners of its tournament, held October 26 at the Whiskey Creek Golf Club in Ijamsville, Maryland.
Washington, DC, November 2, 2023—New orders for manufactured goods in September, up six of the last seven months, increased $16.1 billion or 2.8% to $601.5 billion, the U.S. Census Bureau reported.
Washington, DC, November 2, 2023—In the week ending October 28, the advance figure for seasonally adjusted initial claims was 217,000, an increase of 5,000 from the previous week's revised level, according to the Department of Labor.
Dallas, TX, November 1, 2023—Impact Property Solutions, a Dallas, Texas-based portfolio company of Blue Sage Capital, has acquired Interior Concepts, an Arizona-based provider of flooring products and installation services to multifamily and commercial properties.