March 6, 2015
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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.
Fourth Quarter Economic Growth Revised Lower
Washington, DC, Feb. 27, 2015 -- Economic growth in the fourth quarter was revised down to 2.2% from the initial estimate of 2.6%, according to the Commerce Department.
Harsh Winter Cools Consumer Sentiment in February
Ann Arbor, MI, Feb. 27, 2015 -- Consumer sentiment fell slightly in February from an 11-year high, according to the University of Michigan Survey of Consumers.
Retail Group Names Retailers of the Year
Chattanooga, TN, Feb. 27, 2015 -- CarpetsPlus Colortile presented its Retailer of the Year award to Mark Strauch, owner of FloorCraft in Colorado Springs.
Chicago PMI Tumbles in February
Chicago, IL, Feb. 27, 2015 -- The February reading of the Chicago Purchasing Managers Index declined to a five-and-a-half year low of 45.8.
Bad News Sends Lumber Liquidators Stock in Plunge
New York, NY, Feb. 26, 2015 -- Shares of Lumber Liquidators plunged more than 25% Wednesday after the company reported bad news on two fronts.
House Prices Continued To Rise Last Quarter
Washington, DC, Feb. 26, 2015 -- House prices rose 1.4% in the fourth quarter of last year, according to the Federal Housing Finance Agency house price index.
Armstrong Asbestos Trust Sells 2.7 Million Shares
Lancaster, PA, Feb. 26, 2015 -- The Armstrong World Industries Asbestos Personal Injury Settlement Trust said that it had sold 2,739,944 shares of Armstrong common stock to a financial institution.
Unemployment Claims Rise Last Week
Washington, DC, Feb. 26, 2015 -- Initial claims for unemployment benefits surged last week above 300,000 to the highest level in seven weeks, according to the Labor Department.
Statements Tile and Stone Founder Retires
Seattle, WA, Feb. 26, 2015 -- Statements Tile and Stone said that its founder, Steve Calkins, has retired.
Consumer Prices Fall in January
Washington, DC, Feb. 26, 2015 -- Consumer prices fell in January, according to the Labor Department.
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