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LL Flooring's Net Sales Down 21.7% in Q1, Net Loss of $29 Million

LL Flooring reported net sales of $188.5 million for Q1 2024, a decline of 21.7% compared to Q1 2023’s $240.7 million. Total comparable store sales decreased 21.5% versus the same period last year. The net loss for Q1 2024 was $29 million, compared to a loss of $10.6 million in the prior year period. Read More

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Ceramic Imports Declined 11.4% YOY in Q1 2024

In the first three months of the year, total U.S. imports of ceramic tile were 39.7 million square meters, a decline of 11.4% from the same period in 2023 when imports were 44.9 million square meters, according to Grosser Consulting. Read More

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Climate Change Projected to Reverse Migration

For the past 50 to 75 years, national migration trends have favored mobility from the Frostbelt to the Sunbelt. Recent research projects that in the coming decades, climate change will dramatically change where people choose to live. Read More

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Floor & Décor Q1 Sales Down 2.2%, Income Down 30%

Floor & Décor reported net sales of $1,097.3 million for Q1 2024, a decline of 2.2% from $1,122.1 million in Q1 2023. Comparable store sales decreased 11.6%. Read More

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US ceramic tile manufacturers petition anti-dumping and countervailing duties on Indian Imports

As TCNA Tile Council of North America communicated, “the 9 U.S. ceramic tile manufacturers which form the Coalition for Fair Trade in Ceramic Tile (representing 90% of US tile production), have filed anti-dumping and countervailing duty petitions with the Federal Government seeking the imposition of substantial tariffs on imports of ceramic tile from India to remedy unfairly low-priced imports that have injured domestic manufacturers and flooded the market with uncertified porcelain tiles”. Read More

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BEA News: Personal Income and Outlays, March 2024

Personal income increased $122.0 billion (0.5 percent at a monthly rate) in March. Disposable personal income (DPI)—personal income less personal current taxes—increased $104.0 billion (0.5 percent). Read More

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Catalina Kitchen and Bath Quarterly Update

U.S. kitchen and bath product manufacturer sales turned the corner in the first quarter of 2024 after hitting bottom in the fourth quarter of 2023. The rebound, however, was weak since homeowner kitchen and bathroom renovations remain sluggish. Read More

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Architecture Billings Index Declined to 43.6 in March

Business conditions at architecture firms softened in March, as the AIA/Deltek Architecture Billings Index (ABI) score declined to 43.6 for the month. Read More