Iran Exports $5.5 Million in Carpets to China
Tabriz, East Azarbaijan, July 26, 2011 -- Hand-woven carpets worth $5.5 million were exported to China last year, according to Faysal Mardasi, the head of Iran's National Carpet Center.
Today's Flooring News
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.
Brintons Reportedly in Default, Seeks Investment
London, England, July 25, 2011 -- The future of Worcestershire-based Brintons Carpets looks uncertain, as it has reportedly defaulted on its banking terms with Lloyds Banking Group, according to Business Data International.
Some Good Economic Signs Amid DC Turmoil
Washington, DC, July 25, 2011 -- Amid all the gloom in Washington about raising the debt limit, there were a few positive economic indicators last week.
Signature VP Testifies Before Senate Committee
Dalton, GA, July 25, 2011 -- Signature Crypton Carpet Vice President of Sales John McIntosh recently testified before the U.S. Senate Agriculture Committee about growing jobs in America, according to the Dalton Daily Citizen.
Blair Named Mohawk Global Hospitality Leader
Marietta, GA, July 25, 2011 -– Lee Blair has been named Mohawk's global leader of hospitality.
Homeownership Rate Could Reach Historic Low
New York, NY, July 25, 2011 -- The U.S. homeownership rate could fall below historic lows depending on how the foreclosure issue progresses, according to a report by Morgan Stanley.
Remodeling Indicator Sees Weakness Ahead
Cambridge, MA, July 22, 2011 -- After showing signs of recovery, spending on home improvements is expected to remain volatile and weak over the next several quarters, according to the Leading Indicator of Remodeling Activity.
Pfleiderer Restructuring Continues With Vote
Neumarkt, Germany, July 22, 2011 -- Pfleiderer AG shareholders approved a capital cut and a subsequent capital increase of up to $144 million.
Lumber Liquidators May Have Lost Marketshare
New York, NY, July 22, 2011 -- Lumber Liquidators recently guided sales and earnings lower, which caused the stock to tumble. Recent problems may be due, in part, to a loss of marketshare.
Godfrey Hirst Moves Into Georgia Complex
Adairsville, GA, July 22, 2011 -- Australian carpet firm Godfrey Hirst USA said it has moved into a 100,000-square-foot warehouse and office complex in Adairsville.