October 31, 2014
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Russell Grizzle Discusses Another Major LVT Expansion in Madison, Georgia
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Keep up to date with the most recent news in the flooring industry. Today's News...As it happens! We update this news several times a day so you can stay connected.
Mannington Mills Announces Another $50-million LVT Expansion
Salem, NJ – October 30, 2014 – During a ribbon cutting to celebrate the opening of its expanded manufacturing facility in Madison, Ga., Mannington Mills announced plans for an additional $50-million expansion.
Mohawk Reports Higher Earnings, Sales in Quarter
Calhoun, GA, Oct. 31, 2014 -- Mohawk Industries reported third quarter net earnings of $151 million and earnings per share of $2.06.
Tarkett Acquires Carpet Maker Desso
Paris, France, Oct. 31, 2014 -- Tarkett has acquired Dutch carpet maker Desso from Bencis Capital Partners.
Consumer Sentiment Highest in Over Seven Years
Ann Arbor, MI, Oct. 31, 2014 -- U.S. consumer sentiment rose in October to its highest level in more than seven years, according to the Thomson Reuters/University of Michigan index.
Consumer Spending Declines in September
Washington, DC, Oct. 31, 2014 -- U.S. consumer spending fell in September for the first time in eight months, according to the Commerce Department.
Chicago PMI Highest in a Year
Chicago, IL, Oct. 31, 2014 -- The Chicago PMI rose to a one-year high in October.
Third Quarter GDP Grows 3.5%
Washington, DC, Oct. 30, 2014 -- Gross domestic product in the third quarter grew more than economists anticipated.
Bentley Wins Small Booth Award at NeoCon East
Los Angeles, CA, Oct. 30, 2014 -- Commercial carpet maker Bentley has been named IIDA/Contract Magazine Booth Design Awards Small Booth Winner at NeoCon East.
DRC Becomes Fuse Alliance Preferred Supplier
Aurora, CO, Oct. 30, 2014 -- Fuse Alliance, a member-owned organization of commercial flooring contractors, said that DRC Industries has joined the group as a Preferred Supplier.
Unemployment Applications Tick Up Last Week
Washington, DC, Oct. 30, 2014 -- Initial applications for unemployment benefits last week edged higher by 3,000 to a seasonally adjusted total of 287,000.
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