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Feb 23, 2022 / The Right News Right When It Happens

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Lowe's Grew Sales 5% in Q4, Earnings Rose 23%

Mooresville, NC, February 23, 2022-Lowe's reported Q4 2021 sales were $21.3 billion, a 5% increase compared to $20.3 billion in Q4 2020.

Today's Flooring News

Architecture Billings Held Steady at 51 in January

Washington, DC, February 23, 2022-The Architecture Billings Index (ABI) score for January was 51.0 compared to 51.0 in December, according to a new report from The American Institute of Architects (AIA).

LL Flooring Sales & Income Declined in Q4

Richmond, VA, February 23, 2022-LL Flooring reported net sales of $285.3 million for Q4 2021, a decrease of 6.2% compared to the prior year period’s $304.2 million.

Oil Prices Near $100/Barrel as Tensions Rise Around Russia-Ukraine

Houston, TX, February 23, 2022-Oil prices rose on Monday over the stand-off between Russia and the West over Ukraine, adding to supply concerns that have kept oil prices near $100 a barrel, reports Reuters.

Kährs Names Best Distribution Partners of 2021

Altamonte Springs, FL, February 23, 2022-On February 10, Kährs recognized top performing partners from 2021 across three categories: retailer, distributor, and individual salesperson.

Mortgage Applications Declined 13.1% in Week Ending February 18

Washington, DC, February 23, 2022-Mortgage applications decreased 13.1% from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending February 18, 2022.

American Sentiment Low Despite Economic Boom

New York, NY, February 23, 2022-Americans normally are happiest when the economy is growing rapidly, reports the Wall Street Journal.

U.S. Xpress Launching Logistics Training Program

Chattanooga, TN, February 23, 2022-The trucking giant U.S. Xpress Enterprises Inc. plans to convert some of its headquarters facility vacated by shifting more workers to remote jobs to a new Future Ready Institute to train more students in information technology and other job skills needed to serve the growing logistics industry in Chattanooga, reports the Chattanooga Times Free Press.