NRF Says Fed Policy Jeopardizes Instant Credit
Washington, D.C., Nov. 25, 2009--The National Retail Federation has asked the Federal Reserve to reconsider proposed new rules that threaten retailers’ ability to offer customers instant credit.
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.
Durable Goods Orders Fall in October
Washington, DC, Nov. 25, 2009--Orders for costly factory goods fell unexpectedly in October.
Pfleiderer Reports Growing North America Sales
Neumarkt, Germany, Nov. 24, 2009--Pfleiderer AG said third quarter revenue increased by 3.8 percent to 347.3 million euros over a year ago.
Consumer Confidence Edges Higher in November
New York, NY, Nov. 24, 2009--Consumer Confidence improved slightly in November from October, according to the Conference Board.
Topps Tiles Profit Declines Less Than Expected
London, England, Nov. 24, 2009--Topps Tiles posted a better-than-expected 45 percent fall in annual profit to 16.3 million pounds but said there were signs of a return to stability in its new financial year.
House Prices Up Slightly in September
New York, NY, Nov. 24, 2009--House prices in 20 major U.S. cities rose for a fourth straight month in September, according to the S&P/Case-Shiller home-price index.
UK Carpet Industry Seeks National Recycling Plan
London, England, Nov. 24, 2009--The carpet industry is developing a National Action Plan to help it improve the current 2% recycling rate for carpet in the UK.
Negative Home Equity a Continuing Problem
Santa Ana, CA, Nov. 24, 2009--Roughly 23% of homeowners with mortgages owe more than their properties are worth, according to First American CoreLogic, a real-estate information company.
Third Quarter GDP Revised Down
Washington, DC, Nov. 24, 2009--Third quarter Gross Domestic Product was revised down, the government said Tuesday.
Chain Store Sales Higher Than Last Year
New York, NY, Nov. 24, 2009--Chain-store sales for the week ended Nov. 21 rose 3.3% from the year-earlier period, according to the International Council of Shopping Centers and Goldman Sachs.