Floordaily

May 28, 2020 / The Right News Right When It Happens

Top Story

Huali Floors to Establish U.S. Footprint in Chatsworth Georgia

Chattanooga, TN, May 27, 2020-Chinese firm Huali Floors will establish its U.S. headquarters and a manufacturing facility in Murray County, Georgia.

Today's Flooring News

LL Reports Increased Sales & Earnings in Q1, Charles Tyson Named CEO

Richmond, VA, May 28, 2020— Lumber Liquidators reported a net sales increase in Q1 2020 of 0.4% YOY.

GDP Revised Down to a 5% Decrease for Q1

Washington, DC, May 28, 2020—Real gross domestic product (GDP) decreased at an annual rate of 5.0% in the first quarter of 2020, according to the second estimate released by the Bureau of Economic Analysis.

Pending Home Sales Slid 21.8% in April

Washington, DC, May 28, 2020—The Pending Home Sales Index fell 21.8% to 69.0 in April, according to the National Association of Realtors.

Durable Goods Orders Decreased 17.2% in April

Washington, DC, May 28, 2020—New orders for manufactured durable goods in April decreased $35.4 billion or 17.2% to $170.0 billion, the U.S. Census Bureau announced.

2.1 Million Americans Filed for Unemployment Last Week

Washington, DC, May 28, 2020—In the week ending May 23, the advance figure for seasonally adjusted initial claims was 2,123,000, a decrease of 323,000 from the previous week's revised level, according to the U.S. Census Bureau.

Mannington Names Winners of National Merit Scholarships

Salem, NJ, May 28, 2020-As a corporate sponsor of the National Merit Scholarship Corporation and the underwriter of scholarships for children of its associates, this year, Mannington-sponsored special scholarships have been awarded to two graduating seniors, Alex Neal and Will Stinson.