Modest Improvement in Unit Volume Sales
The company experienced a modest improvement in unit volume sales driven by refinements in the product assortment, despite the challenging housing market.
Expansion of Product Assortment
Introduced new products such as the exclusive Arbour line of LVT, laminate, and engineered wood flooring, contributing to increased square footage volumes.
Diverse Sourcing Strategy
Tile Shop sources products from over 20 countries, reducing reliance on any single country and providing flexibility in response to changing tariff policies.
Cost Reduction Initiatives
Achieved a $2.1 million reduction in SG&A expenses due to workforce reductions, distribution center closures, and decreased marketing spend.
Strong Cash Flow and Balance
Generated $13.5 million in operating cash flow and increased cash balance to $27.8 million.