Consumer Confidence Falls Sharply in August
New York, NY, Aug. 30, 2011 -- Consumer confidence fell sharply in August as expectations for business conditions, jobs and income plunged, the Conference Board reported Tuesday.
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.
Home Prices Increase Third Straight Month
Washington, DC, Aug. 30, 2011 -– Home prices rose for a third straight month in most major U.S. cities in June, according to the Standard & Poor's/Case-Shiller home-price index.
Lowe's Restructuring Store Merchandising
Mooresville, NC, Aug. 30, 2011 -- Lowe's said it is restructuring its store operations and merchandising organizations.
Beaulieu's Bliss Website Wins Awards
Dalton, GA, Aug. 30, 2011 -– Beaulieu's Blissflooring.com website has won two awards recently.
Valinge Rolling Out New LVT Locking System
Viken, Sweden, Aug. 30, 2011 -- A new locking system called Ziploc developed for thin LVT floorings will be rolled out at Välinge Expo Sept. 14-15.
Consumer Spending Hits Five Month High in July
Washington, DC, Aug. 29, 2011 -- Consumer spending in July increased at the fastest rate in five months.
Lorberbaum: Full Recovery Could Take Years
Calhoun, GA, Aug. 29, 2011 -- Mohawk CEO Jeffrey Lorberbaum said it could take four or five years for the carpet industry to fully recover from the current downturn.
Pending Home Sales Down in July
Washington, DC, Aug. 29, 2011 -- Pending home sales fell 1.3% in July, the National Association of Realtors reported Monday.
China Flooring Revenues Up in First Half
Beijing, China, Aug. 29, 2011 -- Wood flooring firm China Flooring Holdings Limited recorded revenue of approximately $109 million for the first six months of the year, an increase of 14.5% as compared with 2010.
Small Business Hiring Slows in August
New York, NY, Aug. 29, 2011 -- Employment growth at small businesses slowed in August and employers reduced hours, according to a survey by Intuit, a payrolls processing company.