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.
Interface CEO Laurel Hurd said education sales were particularly robust in the second quarter, up 7% year-over-year, as facilities teams and administrators invested in refurbishment and maintenance projects during their summer break.
Dixie Group Chairman and CEO Daniel K. Frierson said a significant factor in the year-over-year sales decline was a loss of volume in the mass merchant channel, with primary customer's strategies shifting toward lower price points
U.S. construction spending increased in June and the prior month's data was revised higher, boosted by spending in both single-family and multifamily housing projects.
Crossville, Inc. recently announced the CrossValue Program, a curated collection of the company’s best-selling tile lines that are deeply inventoried to provide customers with readily available porcelain tile.