The Home Depot President and CEO Ted Decker reported that sales for the quarter were below expectations primarily driven by lumber deflation and unfavorable weather.
QFloors President Chad Ogden discusses gotchas with credit card processing and how dealers can recoup huge savings through surcharging—and rules for doing that legally.
Everyone in business can look back and see events and relationships, both good and bad, that changed the course of their company. These are huge tipping points for our business, but some can prevent us from landing desirable clients. It is crucial to learn how to identify the problem client who only serves to drain us of our time, money and morale.
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.
Kyle reminds us that it is okay to stop and smell the flowers from time to time. Running a successful business requires us to take care of ourselves to better serve yourselves, your families and your customers.
Want to make 2023 the year your retail flooring business is more profitable, more efficient and ready for growth? In the first installment of our new technology series, QFloors President Chad Ogden shares his five ways technology can improve your business.
Hear about America’s Floor Source path to $500 million, Engineered Floor’s Nancy Millet working with Bob Shaw, a system for renewing resilient floors and more!
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.
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