Residential market constraints continue with limited housing supply, high interest rates and continued inflationary pressure, which continue to affect sales in 2023.
The specialty retailer reports that it continues to navigate uncertainty in the macroeconomic environment due to low consumer confidence, inflation, an elevated interest and mortgage rate environment and lower existing home sales.
The Synchrony Small Business Learning Center will help Synchrony small merchants, dealers, and wellness providers learn how credit and financing works, incorporate it into their business model, leverage it to enhance customer experiences, and help drive sales.
The net sales increase was achieved amidst the continuing economic challenges posed by rising mortgage interest rates, near-record-low existing home sales, ongoing pressure on housing affordability, and slowing sales of large ticket discretionary products.
Uncertainty is the theme for the fourth quarter for flooring businesses. An in-kind donation can help flooring businesses clear inventory, do good for their community and achieve a significant tax break.
Benchwick, an innovator in 3D-printed flooring technologies and a subsidiary of Northann Corp., celebrates the closure of Northann Corp.'s Initial Public Offering (IPO).
Performance primarily reflected the continued impact of the difficult macro backdrop that has impacted big ticket discretionary purchases as well as the demand for home remodeling projects, according to LL Flooring President and Chief Executive Officer Charles Tyson.
Comparable sales decreased 1.6%, with strong spring recovery and Pro and online sales growth, partially offsetting lumber deflation and lower DIY discretionary demand.
Retail sales in the United States were up 0.7% month-over-month in July of 2023, marking a fourth consecutive rise, according to the Commerce Department.
