The National Retail Federation today forecast that holiday spending is expected to reach record levels during November and December and will grow between 3% and 4% over 2022 to between $957.3 billion and $966.6 billion.
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.
Shaw Industries Group celebrates Shaw President and CEO Tim Baucom and Vance Bell, former CEO and current chairman of the board, who were named on the Georgia 500 list.
The Lowe's Foundation announced a total of $3 million in Gable Grants to three national nonprofit organizations that are delivering innovative and scalable skilled trades training in local communities nationwide.
William M. Bird and East Bay Supply Company, both members of the Southern Diversified Distributors family of companies, were awarded for high achievement in the distribution and support of Schönox smoothing, patching, and self-leveling products over the course of the year.
The company said Charlotte is ideally positioned to support the company’s domestic and international locations, while having access to a broad talent pool.
Designers, architects, builders, contractors, distributors, retailers, installers and other industry professionals are invited to submit their projects via the CID project submission portal by the Dec. 20, 2023, deadline.
