Articles Tagged with ''financial insights''

Our new American Express survey of 1,100 U.S. small business leaders shows that small businesses are seeking consolidated cash flow management tools to foster greater efficiency, profitability, and business growth.

Total comparable store sales decreased 15.4% versus the same period last year. Gross margin of 36.6% decreased 70 basis points as a percentage of sales, driven by $2.1 million in incremental costs related to customs delays on flooring products that contain PVC as a consequence of the Uyghur Forced Labor Prevention Act.

Floor & Decor CEO Tom Taylor said consumers are prioritizing value and savings and in-stock job lot quantities.

Although net sales in the first quarter of 2023 were 14% below the same period in the prior year, significantly due to a loss of volume in the mass merchant channel, the company reported strong gross margins driven by more efficient operations from its manufacturing plants during the quarter.

Mohawk Industries reported rising interest rates and slower economic growth curbed sales of flooring in the first quarter of 2023 as inflation continued to push up production costs.

Michael Barrows, general manager of Atlanta Flooring Design Centers in Suwanee, Georgia, shares his experience dealing with cases of customer fraud that cost the retail operation nearly $30,000 and other retail stores in his county more than $100,000. 

More than a third of homeowners want to replace or refinish their flooring, but inflation is impacting their desire to undertake home improvement projects, according to a recent survey by Discover Home Loans.

Thedata indicates greatly diminished pricing power among wholesalers and others, according to Associated Builders and Contractors Chief Economist Anirban Basu.

The fallout from the regional bank collapses has led to tightening lending conditions, though not on residential mortgages. 

Exports to the United States, which ranks first on the list of Tile of Spain’s export markets, rose 15% to €516 million in 2022.