Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics

India Led Ceramic Imports to the U.S. In First Half of 2023

For the first time, India became the largest ceramic tile supplier of the U.S. by units in the time period between January and June, reports Grosser Associates. Read More

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Growth in consumer spending is slowing

U.S. consumers are still buying more than last year, but spending growth is slowing as the economy settles down amid higher interest rates intended to reduce inflation, National Retail Federation Chief Economist Jack Kleinhenz said today. Read More

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U.S. Crude Reaches Highest Price of 2023

"Three major factors are shaping the oil market in 2023. Two of them helped push U.S. crude on Wednesday to its highest price of the year,” according to the Wall Street Journal. Read More

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July Inflation Up 3.2% Annually

The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.2% in July on a seasonally adjusted basis, the same increase as in June, the U.S. Bureau of Labor Statistics reported Read More

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U.S. Customs Continues to Block LVT Shipments from Asia

Importing LVT from Asia continues to be a source of frustration for several major importers, as roughly $200 million (at wholesale value) has been either quarantined or returned to the sender. Read More

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LL Flooring's Net Sales Declined 20.9% in Q2, Earnings Down 17.8%

LL Flooring reported net sales of $236.4 million for Q2 2023, a decrease of 20.9% from Q2 2022’s $299 million, driven by a decrease in transaction count reflecting by lower spending by consumers and pros. Read More

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Employment Rose by 187,000 in July, Unemployment Rate Steady at 3.5%

Total nonfarm payroll employment rose by 187,000 in July, and the unemployment rate changed little at 3.5%, the U.S. Bureau of Labor Statistics reported. Read More

Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Stone Statistics

The Tile Shop Sales Down 8.4% in Q2, Earnings Down 26.5%

The Tile Shop reported net sales of $98.6 million for Q2 2023, an 8.4% decline compared to sales of $1.08 billion for Q2 2022. Sales decreased at comparable stores by 8.0% during the second quarter of 2023 compared to the second quarter of 2022, primarily due to a decrease in traffic, which was partially offset by an increase in average ticket value. Read More

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Floor & Décor Grew Sales by 4.2% in Q2, Earnings Down 12.7%

For Q2 2023, Floor & Décor reported a net sales increase of 4.2% to $1.14 billion from $1.09 billion in Q2 fiscal 2022. Comparable store sales decreased 6.0 Read More

Ceramic Tile Statistics Competitive Intelligence Economic Indicators Floor Covering Products Industry Forecasts Industry Statistics Reports Stone Statistics

2023 Kitchen & Bath Sales Trends

The sharp decline in the U.S. housing market caught up with kitchen and bath product manufacturers and marketers in the first half of 2023. Dollar manufacturer sales (shipments minus exports plus imports) could have declined by 5.6 percent in the first half. Unit sales declined about 2.0 percent in the first half. Price increases, however, moderated along with inflationary pressures. The dollar sales decline this year compared to a 10.8 percent gain for all of 2022. First half 2023 sales declined along with the drop in new home construction and existing home sales as the Federal Reserve increased interest rates. Rising rates caused housing demand – new and existing – to drop sharper over the past year. Read More