Bankruptcy of CIT Adds to Uncertainty in Industry
Washington, DC, Nov. 2, 2009--The bankruptcy of CIT Group, a key lender that helps retailers stock their shelves, is complicating matters for the industry ahead of the holiday shopping season.
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.
Mohawk Using Post-Consumer Plastic in Everstrand
Dalton, GA, Nov. 2, 2009--Mohawk said it has developed technology which allows the use of post-consumer recycled content in its EverStrand BCF fiber styles.
Manufacturing Conditions Improve in October
Washington, DC, Nov. 2, 2009--Conditions for the nation's manufacturers in October improved markedly, the Institute for Supply Management reported Monday.
Finland-Based Parquet Maker Opens Russian Plant
Kuopio, Finland, Nov. 2, 2009--Finland-based Karelia-Upofloor Oy, one of Europe’s largest flooring manufacturers, opened a plant to produce parquet flooring blocks in the Kaluga region of Russia.
Faus Extending Fall Promotion
Dalton, GA, Nov. 2, 2009--FausFloor said it is extending its fall promotion through Dec. 4 for its Cosmopolitan and Classic American collections.
Consumer Sentiment Rises in Late October
Ann Arbor, MI, Oct. 30, 2009--Consumer sentiment improved in late October, according to the Reuters/University of Michigan index.
Oil Hovering Around $80 on GDP Report
New York, NY, Oct. 30, 2009--Oil prices hovered near $80 a barrel Friday in Asia after the U.S. economy snapped four straight quarters of contraction, suggesting demand for crude will improve.
Consumer Spending Drops in September
Washington, DC, Oct. 30, 2009--Consumer spending fell sharply in September after the government's auto subsidy program ended, while after-tax incomes fell for the fourth month in a row.
Manufacturing Indicator Surges in October
Washington, DC, Oct. 30, 2009--Manufacturing activity improved considerably in the Chicago region in October.
Mohawk Reports Third Quarter Earnings of $34M
Calhoun, GA, Oct. 29, 2009--Mohawk Industries reported third quarter net earnings of $34 million