Flooring manufacturer Dixie Group continued investing in digital marketing and in-store merchandising during the third quarter but, like many in the flooring industry, faced headwinds from high interest rates, low home sales, and weak consumer confidence.
Proceeds of the black-tie event support the mission of FCIF to help families get back on their feet when battling catastrophic injuries, severe disabilities, or other life-altering medical crises.
The Floor Covering Industry Foundation's Gala at Gotham Hall, New York City, on October 5, 2024, is almost sold out. The event will honor Sy Cohen, Dan Frierson, and Roger Marcus for their industry contributions. Proceeds support FCIF's mission to aid floor-covering industry workers facing medical crises through direct grants.
The Dixie Group said it continues to focus on new product launches and cost-saving initiatives to navigate the challenging housing and home remodeling market.
Stahl will lead the company's marketing organization and oversee internal and external strategy, communication, and creative output for all Dixie Group brands: DH Floors, Masland, Fabrica, and Trucor.
Net sales in the first quarter of 2024 were $65.3 million compared to $67.1 million in the same period of the prior year. The gross profit margin for the three months of the first quarter of 2024 was 24.2% of net sales compared to 26.6% in the first quarter of 2023.
Over the past five decades, the company said it raised the bar by investing in cutting-edge raw materials and manufacturing technologies to ensure that its products surpass the expectations of discerning clientele.
