| | | Aug 07, 2020 / The Right News Right When It Happens | | Top Story | | | | 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. | | |
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| | 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. | | |
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| | | | 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. | | |
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| | | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| | | 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. | | |
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| Featured Video | | | | Mark Bowe Discusses the Bruce Barnwood Living Collection | | August 6, 2020--Mark Bowe, the host of TV’s Barnwood Builders, and Kemp Harr discuss the Bruce Barnwood Living collection which he designed for | | |
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