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Aug 07, 2020 / The Right News Right When It Happens

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Mohawk Reports Net Loss of $48 Million for Q2, Sales Down 21%

Calhoun, GA, August 7, 2020—Mohawk announced a Q2 2020 net loss of $48 million, compared to earnings of $202 million in Q2 2019. Net sales for Q2 2020 were $2.0 billion, a 21% decline YOY, compared to net sales of $2.6 billion in Q2 2019.

Today's Flooring News

Flooring Not Included on USTR's Section 301 Tariff Exemption Extension List

Washington, DC, August 7, 2020--The United States Trade Representative has published a list of items granted further exemption from the Section 301 tariff, and floorcovering is not included on that list.

NAFCD/NBMDA Cancel Annual Convention, Moves to Virtual Event

Chicago, IL, August 7, 2020-The North American Association of Flooring Covering Distributors (NAFCD) and the North American Building Material Distribution Association (NBMDA) announced that their 2020 Annual Convention is transitioning to a fully-virtual event-the NAFCD x NBMDA Virtual Xperience.

Nonfarm Employment Rose to 1.8M in July

Washington, DC, August 7, 2020—Total nonfarm payroll employment rose by 1.8 million in July, and the unemployment rate fell to 10.2%, the U.S. Bureau of Labor Statistics reported.

Mullican Announces Winners of All-American Patriot Essay Contest

Johnson City, TN, August 7, 2020—Mullican Flooring held an essay contest over the summer to honor members of the armed forces and their loved ones.

Co-Founders of Home Depot See Their Wealth Rise in Pandemic

Chattanooga, TN, August 7, 2020—Tennessee and Georgia has 20 billionaires who collectively saw their wealth increase by nearly $19 billion, or nearly 29%, during the first three months of the COVID-19 pandemic shutdowns in the United States, reports that Chattanooga Times Free Press.

Merchant Wholesaler Sales Rose 8.8% in June

Washington, DC, August 7, 2020—June 2020 sales of merchant wholesalers, up 8.8% from the revised May level, but were down 8.5% from the revised June 2019 level, according to the U.S. Census Bureau.