| | | Mar 01, 2023 / The Right News Right When It Happens | | Top Story | | | | 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. | | |
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| | 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. | | |
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| | | | 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. | | |
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| | | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| Featured Video | | | | Per Nygren and Zach Adams Showcase New Products and Innovations from Bjelin and Välinge | | March 1, 2023—Per Nygren and Zach Adams, EVP with Välinge and General Manger North America with Bjelin, respectively, and Kemp Harr discuss | | |
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