Consumer Spending Increases Again in September
Washington, DC, Oct. 28, 2011 -- The Commerce Department said on Friday that consumer spending increased 0.6% in September after a 0.2% gain in August.
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.
Remodeling Activity Falls in Third Quarter
Washington, DC, Oct. 28, 2011 -- Remodeling activity continues to be hurt by the economic downturn, according to the latest National Association of Home Builders' Remodeling Market Index (RMI).
Lacey Act Defense Committee Forms
Washington, DC, Oct. 28, 2011 -- The National Association of Music Merchants has become to the latest organization to join the Lacey Act Defense National Consensus Committee.
Analyst Says 'Buy' L Liquidators, 'Hold' Interface
New York, NY, Oct. 28, 2011 -- Flooring industry analyst John Baugh of Stifel Nicolaus has a "hold" rating on carpet maker Interface and a "buy" rating on wood retailer Lumber Liquidators.
Aquafil Signs Atlanta Firm for Solar Installation
Cartersville, GA, Oct. 28, 2011 -- Aquafil said it has signed a contract with Atlanta-based Radiance Solar to install the largest rooftop solar photovoltaic installation in Georgia using solar panels supplied by Suniva.
Economy Expands 2.5% in Third Quarter
Washington, DC, Oct. 27, 2011 -- The Commerce Department said Thursday that the economy expanded at an annual rate of 2.5% in the third quarter, almost double the 1.3% growth in the second quarter.
Lumber Liquidators Reports Higher 3Q Profit, Sales
Toano, VA, Oct. 27, 2011 -- Hardwood flooring retailer Lumber Liquidators said third quarter net income increased 57.2% to $6.7 million, or $0.24 per share, in the third quarter compared to $4.3 million, or $0.15 per share a year ago.
Interface Reports Higher Sales, Flat Earnings
Atlanta, GA, Oct. 27, 2011 -- Interface reported third quarter net income of $12.2 million, or $0.19 per share, compared with net income of $12.1 million, or $0.19 per share, in the third quarter of 2010.
Pending Home Sales Decline in September
Washington, DC, Oct. 27, 2011 -- Pending homes sales unexpectedly fell in September, according to the National Association of Realtors.
Bamboo Hardwoods Gets New Owner, Strategy
Seattle, WA, Oct. 27, 2011 -- Flooring firm Bamboo Hardwoods said it is closing its retail operations and becoming exclusively a wholesaler of bamboo flooring and related products.