Koydol Contract Moving Into New Facilities
Washington, DC, Feb. 7, 2011 -- Koydol Flooring Contract Group said it will move into new sales and marketing facilities March 1 in Washington.
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.
Investors Selling Desso to Private Equity Firm
Waalwijk, The Netherlands, Feb. 4, 2011 -- Carpet company Desso Group BV said that its owners have decided to sell the company to Dutch private equity firm Bencis Capital Partners.
Unemployment Falls Sharply, Job Growth Slows
Washington, DC, Feb. 4, 2011 -- Although the unemployment rate dropped sharply last month to 9%, company payrolls grew by only 36,000 net jobs in January, according to the Bureau of Labor Statistics.
Home Equity Loans Making a Comeback
New York, NY, Feb. 4, 2011 -- Home equity lines of credit are making a comeback, according to a report by SmartMoney. If true, the trend could help the flooring industry as homeowners finance home improvement projects.
BR-111 Warns About Counterfeit Products
Miami, FL, Feb. 4, 2011 -- BR-111 Exotic Hardwood Flooring is warning customers and dealers about counterfeit products on the market.
Pulte Loss Grows in Fourth Quarter
Bloomfield Hills, MI, Feb. 4, 2011 -- Homebuilder PulteGroup reported a net loss of $165 million, or $0.44 per share for the fourth quarter on revenue of $1.2 billion.
Residential Construction Spending Down
Atlanta, GA, Feb. 4, 2011 -- Residential construction spending declined 4.4% in December, according to Reed Construction Data, due entirely to a sharp decline in remodeling spending.
Shaw Web Studio Nominated for Marketing Award
Dalton, GA, Feb. 4, 2011 -- Shaw Web Studio has been nominated as one of nine finalists for the Marketing Award of Excellence presented by the Robinson College of Business at Georgia State University.
Weyerhaeuser Swings to Profit in Fourth Quarter
Federal Way, WA, Feb. 4, 2011 -- Weyerhaeuser Co. reported fourth quarter net income of $171 million, or $0.32 a share, compared with a loss of $175 million, or a loss of $0.83 a share a year earlier.
New Shaw Ad Campaign Has 'Rooms' Theme
Dalton, GA, Feb. 4, 2011 -- Shaw Floors is rolling out a new national consumer advertising campaign this spring.