Mohawk Holds Final Momentum Roadshow Event in Calhoun
Calhoun, GA, March 1, 2023--Mohawk wrapped up its Momentum Roadshow with visits to its showroom and select mills in Calhoun and Dalton, Georgia yesterday.
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.
Productivity Rose 1.7% in Q4, Output Up 3.1%
Washington, DC, March 2, 2023-Nonfarm business sector labor productivity increased 1.7% in Q4 2022, the U.S. Bureau of Labor Statistics reported, as output increased 3.1% and hours worked increased 1.4%.
Homeownership Rate Up, But Black Americans Have Not Kept Pace
Washington, DC, March 2, 2023—While the U.S. homeownership rate has continually increased during the last decade—to 65.5% in 2021 (from 64.7% in 2011)—the Black homeownership rate has not kept pace with increases of other racial groups.
Initial Jobless Claims Down by 3,000 in Week Ending Feb. 18
Washington, DC, March 2, 2023—In the week ending February 18, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 3,000 from the previous week's revised level, according to the Department of Labor.
Shaw's Ingrid Redmon Named a 2023 MAKE Awards Honoree
Dalton, GA, March 2, 2023— The Manufacturing Institute—the workforce development and education partner of the National Association of Manufacturers—announced that Shaw Industries’ Ingrid Redmon, director of project management, has been named a 2023 Women MAKE Awards Honoree.
I4F Names Julie Pageot Commercial Director for Europe
Hamont, Belgium, March 2, 2023—I4F, a group of companies providing patents and technologies to the flooring industry, announced that Julie Pageot assumes the role of commercial director for Europe for I4F.
Starnet Forms Partnership with Oxley Group
Columbus, OH, March 2, 2023—The Oxley Group announced its new partnership with Starnet as a preferred service provider.
LL Flooring Sales Declined 7.5% in Q4, $15.1M Loss Posted
Roanoke, VA, March 1, 2023—LL Flooring, formerly Lumber Liquidators, has announced net sales of $263.9 million for Q4 2022, a 7.5% decline compared to Q4 2021’s $285.3 million. Total comparable store sales decreased 9.5% versus the same period last year.
Lowe's Reports 5% Sales Increase for Q4, Earnings Down 21%
Mooresville, NC, March 1, 2023-Lowe’s announced Q4 2022 sales were $22.4 billion, a 5% increase compared to $21.3 billion in Q4 2021.
Construction Spending Inched Down 0.1% in January
Washington, DC, March 1, 2023—Construction spending during January 2023 was estimated at a seasonally adjusted annual rate of $1,825.7 billion, 0.1% below the revised December estimate of $1,827.5 billion, according to the U.S. Census Bureau.