Floordaily

Nov 04, 2022 / The Right News Right When It Happens

Top Story

Interface Sales Rose 4.8% in Q3, Earnings Up 28%

Atlanta, GA, November 4, 2022—Interface reported Q3 2022 net sales of $327.8 million, a 4.8% increase compared to Q3 2021’s $312.7 million.

Today's Flooring News

Cali Opens East Coast Distribution Center

Summerville, SC, November 4, 2022—Cali cut the ribbon on its first custom-built distribution center yesterday in Summerville, South Carolina.

DHA Will Lobby to Maintain Chinese Tariffs on Engineered Hardwood

Washington, DC, November 4, 2022-The Office of the U.S. Trade Representative is requesting comments for their four-year review of the Section 301 tariffs on Chinese imports-including the 25% tariffs on hardwood plywood and engineered wood flooring, reports the Decorative Hardwoods Association (DHA).

Americans Moving Farther from Metro Areas to Purchase Homes

Washington, DC, November 4, 2022—"The rise of remote work and the ballooning cost of housing in major metro areas are leading Americans to move much farther away when buying a home,” reports the Wall Street Journal.

Employment Rose by 261,000 Jobs in October, Unemployment Up to 3.7%

Washington, DC, November 4, 2022-Total nonfarm payroll employment increased by 261,000 in October, and the unemployment rate rose to 3.7%, the U.S. Bureau of Labor Statistics reported.

Lowe's to Sell Canadian Retail Business to Sycamore Partners

Mooresville, NC, November 4, 2022—Lowe's Companies has entered into a definitive agreement to sell its Canadian retail business to Sycamore Partners, a private equity firm specializing in retail, consumer and distribution-related investments, for $400 million in cash and performance-based deferred consideration.