AreaRugs.com Domain Purchased By Investors
Des Moines, IA, Sept. 22, 2009--AreaRugs.com has new ownership, having been bought by a group of investors for $405,000 for just the domain.
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.
Chain Store Sales Off Last Week
New York, NY, Sept. 22, 2009--The ICSC-Goldman Sachs chain store sales index for the week ending Sept. 19 fell 2 percent from the prior week, but increased by 0.6 percent from the same week of last year.
Housing Groups Lobby Regulators on Appraisals
Washington, DC, September 22, 2009--The National Association of Home Builders hosted a Residential Real Estate Appraisal Summit on Monday with federal regulatory agencies.
Lowe's Reaffirms Earnings Guidance
Mooresville NC, Sept. 22, 2009--Lowe's reaffirmed its fiscal 2009 profit and sales outlook, but the home improvement retailer warned it may need to write off up to $100 million during the second half of the year.
Werner Braun on IEHA Science Advisory Board
Dalton, GA, Sept. 22, 2009--Carpet and Rug Institute President Werner Braun has been selected as one of five founding members of the International Executive Housekeepers Association Science Advisory Board.
Unilin Signs License Agreement With Chinese Firm
Bertrange, Luxembourg, Sept. 22, 2009-- Flooring Industries signed a world-wide license agreement with Sichuan Shengda Forestry Industrial Company for the use of Unilin’s glueless locking technology.
Lennar Loss Widens, Homebuilder Sees 2010 Profit
Miami, FL, Sept. 21, 2009--Homebuilder Lennar Corp. said Monday that its fiscal third-quarter net loss widened to $171.6 million, or $0.97 a share, from $89 million, or $0.56 a share, a year earlier.
FloorTek Show Begins Tuesday in Dalton
Dalton, GA, Sept. 21, 2009--FloorTek gets underway Tuesday here, but exhibitors are down about 20 percent thanks to a questionable economy.
Oil Falls Below $70 on Stronger Dollar
New York, NY, Sept. 21, 2009--Crude-oil futures fell Monday to under $70 a barrel for the first time in a week, as a stronger dollar weighed on commodities prices and as concerns about weak demand continued to dampen trading sentiment.
Leading Indicators Rise for Fifth Straight Month
New York, NY, Sept. 21, 2009--The Conference Board Leading Economic Index for the U.S. increased 0.6 percent in August, following a 0.9 percent gain in July, and an 0.8 percent rise in June.