FloorDaily News & Interviews (February 23, 2023)

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Feb 23, 2023 / The Right News Right When It Happens

Top Story

Tarkett Group Revenues Rose 9.4% in Q4, U.S. Revenues Up 22.6%

Paris, FR, February 23, 2023-Tarkett Group reported Q4 2022 revenues rose 9.4% YOY to 789.5 million euros, from sales price increases and favorable foreign exchange gain, despite lower volumes.

Today's Flooring News

Home Depot Q4 Sales and Earnings Virtually Flat

Atlanta, GA, February 23, 2023-The Home Depot announced sales for Q4 2022 were $35.8 billion, a 0.3% increase from Q4 2021’s $35.7 million.

Q4 GDP Revised Down Slightly to 2.7%, Economy Showing Strength in Q1

Washington, DC, February 23, 2023-Real gross domestic product (GDP) increased at an annual rate of 2.7% in Q4 2022, according to the second estimate released by the Bureau of Economic Analysis.

Initial Jobless Claims Declined by 3,000 in Week Ending Feb. 18

Washington, DC, February 23, 2023—In the week ending February 18, the advance figure for seasonally adjusted initial claims was 192,000, a decrease of 3,000 from the previous week's revised level, according to the Department of Labor.

Multifamily Builder Confidence Inched Up but Remained Negative in Q4

Washington, DC, February 23, 2023-While the two main confidence indexes for multifamily housing increased slightly in Q4, they both remained in negative territory, according to results from the Multifamily Market Survey (MMS) released by the National Association of Home Builders (NAHB).

Mohawk Rebrands Five Star Loyalty Program as Edge Store

Calhoun, GA, February 23, 2023—Mohawk has rebranded its Five Star program as Edge Store.

Spartan Expands into Colorado

Bel Air, MD, February 23, 2023—Spartan has expanded to Colorado.

Feizy Names Michael Bauer Director of Trade Relations

Dallas, TX, February 23, 2023—Rug manufacturer Feizy Rugs welcomes Michael Bauer as the director of trade relations.