Floordaily

Mar 01, 2023 / The Right News Right When It Happens

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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.

Today's Flooring News

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.

Manufacturing PMI Inched Up to 47.7% in February

Tempe, AZ, March 1, 2023-The February Manufacturing Purchasing Managers Index (PMI) registered 47.7%, 0.3 percentage point higher than the 47.4% recorded in January.

Mortgage Applications Declined 5.7% in Week Ending February 24

Washington, DC, March 1, 2023—Mortgage applications decreased 5.7% from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending February 24, 2023.

Galleher Expands Partnership for GemCore with Fuse

Santa Fe Springs, CA, March 1, 2023-Galleher Commercial Flooring, a provider of flooring solutions for commercial spaces, and Fuse Alliance, a member-owned organization of professional commercial flooring contractors, are proud to announce an expanded partnership to include GemCore Resilient commercial flooring.

Worx to Provide CRM Support to FCEF

Dalton, GA, March 1, 2023—Worx Solutions Management is helping the Floor Covering Education Foundation (FCEF) manage its contacts and operations through the development of a custom CRM solution.